US inflation jumped to 40-year high of 7.9% last month
by Edward Helmore and agencies from on (#5WZ3A)
The rise was propelled by increased prices for gas, food and housing in the sharpest spike since 1982
US inflation surged again last month to a new 40-year high of 7.9%, propelled by surging costs for gas, food and housing.
The February figures, the sharpest increase since 1982, are only a foretaste of higher prices to come as they do not factor in the impacts of the Ukraine war, Biden's ban on Russian energy imports and tightened oil supplies that have sent prices at US gas stations and other energy commodities to record levels.
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