Key Inflation Gauge Sets 40-Year High As Gas And Food Prices Soar

Newsy

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Watch VideoAn inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans' finances.

*SEE MORE: USDA Predicts Higher Grocery Prices By The End Of 2022*

The figure reported Thursday...

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