Rising Gas Prices Fuel Inflation As Headline CPI Hits Highest Level In More Than Three Years

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By Agustino Fontevecchia, Forbes Staff

Rising fuel prices pushed inflation up in February, with the consumer price index (CPI) gaining 0.7%, its largest monthly gain in nearly four years.  Sustained higher prices at the pump will act as a drag on GDP by obstructing consumption, yet inflation remains at comfortable levels for the Fed, which is expected to continue with its ultra-accommodative monetary stance. …read more
Source: FULL ARTICLE at Forbes Latest

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