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U.S. inflation accelerated to the fastest pace in four decades again last month, data from the Bureau of Labor Statistics indicated Thursday, with the recent surge in oil and gas prices linked to Russia's war on Ukraine likely to keep rates elevated well into the second half of the year.
The increased cost of gas, food, and housing were the main drivers of rising inflation in February.
The increased cost of gas, food, and housing were the main drivers of rising inflation in February.
The increased cost of gas, food, and housing were the main drivers of rising inflation in February.
The increased cost of gas, food, and housing were the main drivers of rising inflation in February.