Inflation soars to 3.8% as prices rise at their fastest clip in 4 years

Inflatie

The Bureau of Labor Statistics reported that consumer prices jumped by 0.9 percent last month, pushing the yearly inflation rate up to 3.8 percent, its highest level in nearly three years - and a big jump from the 3.3 percent reported in March. This key measure of inflation, called the consumer price index (CPI), tracks the changing prices for a basket of goods and services over time to present a clear snapshot of the economy. 'This inflation problem isn't going away as quickly as people were

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