ASSOCIATED PRESS
WASHINGTON—U.S. consumer prices surged 0.8 percent in April, pushing the rise in inflation over the past year to the fastest rate in more than a decade, an acceleration that has stirred rising worries about its effect on the economy.
The Labor Department reported Wednesday that the price consumers pay for their purchases of everything from food and clothes to new cars rose at a faster pace than last month’s 0.6 percent rise.
Over the past 12 months, prices are up 4.2 percent—the fastest rise since a 4.9 percent gain in the 12 months…
Click the link below to read the rest of this story.
Click here to get more news from the Bulldog
On the go, but don’t want to miss any Bulldog news? Go to the App Store and download apps for Bulldog Reports and The Bulldog Show to your Apple and Android mobile devices. It’s free!
