Inflation Hits Annual Pace Not Seen Since 1991
Consumer prices rose at twice the rate expected in July to post the fastest rate of year-over-year growth in 17.5 years, pushed up by costlier energy and food, a government report shows.
The Labor Department said the Consumer Price Index, considered a crucial gauge of inflation, rose 0.8% in July after a 1.1% jump in June.
Source: Reuters















