Rising Gas Prices Push Up Inflation For First Time In Four Months
Source: LA TIMES
Consumer prices rose in February for the first time in four months as gasoline prices rebounded following a steep fall that has driven down inflation since the middle of last year.
The consumer price index increased 0.2% after a 0.7% drop in January that was the largest decline in more than six years, the Labor Department said Tuesday.
Gasoline prices rose 2.4% in February after falling 18.7% the previous month. The increase in prices at the pump was the first since June.
More broadly, energy prices were up 1% in February following a 9.7% decline the previous month.
Read more: http://www.latimes.com/business/la-fi-inflation-consumer-price-index-20150324-story.html
Our local gasoline prices went up .45 over the last week. Now selling for $2.59. Paid $2.15 exactly one week ago.
winstars
(4,220 posts)Fred Sanders
(23,946 posts)And they are NEO-cons.
Very neo.
raccoon
(31,126 posts)"Consumer prices rose in February for the first time in four months..."
awoke_in_2003
(34,582 posts)it is purposely miscalculated so those on Social Security, military, etc, don't get real raises.