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Biden's America: Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years
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[quote:Anonymous Coward 34987517:MV81MDc2MjkwXzkzMDg4OTU0XzNDRjc1REM2] [quote:Anonymous Coward 6742027:MV81MDc2MjkwXzkzMDg4OTM3X0YzQTRBQkZB] The cost of freedom and spreading democracy. [/quote] Lol cost of mob rule [/quote]
Original Message
The consumer price index for February rose 7.9% from a year ago, the highest level since January 1982.
Excluding food and energy, both of which moved sharply higher during the month, core inflation still rose 6.4%, in line with expectations but the highest since August 1982.
Gas, groceries and shelter were the biggest contributors to the CPI gain. Auto prices eased.
Worker paychecks fell further behind
, as inflation-adjusted earnings dropped 0.8% in February, contributing to a 2.6% decline over the past year.
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