Friday, March 16, 2012

CPI Climbs by Most in 10 Months

The Consumer Price Index  increased 0.4 percent in February on a seasonally adjusted basis, the U.S.
 Bureau of Labor Statistics reported today. This is an annualized rate of 4.8 percent.

On an non-seasonally adjusted basis the CPI for the month also increased 0.4 percent.

The gasoline index was a key driver of the climb. The index soared 6 percent in February (an annualized rate of 72 percent).

The food at home index has risen 4.5 percent over the last 12 months.

None of this matters, though, if you eat your iPad and skate to work on one.

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