Rising Gas Prices Fuel Inflation As Headline CPI Hits Highest Level In More Than Three Years
- Friday, March 15, 2013, 11:10
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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.
http://www.forbes.com/sites/afontevecchia/2013/03/15/high-gas-prices-fuel-inflation-as-headline-cpi-hits-highest-level-in-more-than-three-years/
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