The Labor Department reported consumer prices jumped 5.4% in July from a year earlier.
MIAMI (CBSMiami) – The Labor Department reported consumer prices jumped 5.4% in July from a year earlier. Filling up at the pump remains pricey, especially for drivers with long commutes. The new government report says gas is up 41% compared to last year. That’s fueling a rise in overall prices, including food. The cost of eating out in July saw its biggest one-month surge in 40 years. And shoppers are spending more at the grocery store.
