US inflation hits fresh 40 year high of 7.9%

Driven by rising fuel costs

Elliot Gulliver-Needham
clock • 3 min read
The US Federal Reserve
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The US Federal Reserve

Inflation in the US hit an expected 7.9% in February, the highest level since January 1982.

The increase came mainly from energy, with the rise in fuel prices accounting for almost a third of the increase. The Bureau of Labor Statistics (BLS) said the energy index rose 25.6% over the last...

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