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7.9% inflation at 4-decade high under Biden economy

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By Harry Wilmerding
Daily Caller News Foundation
The Consumer Price Index (CPI) increased …

By Harry Wilmerding Daily Caller News Foundation The Consumer Price Index (CPI) increased 0.8% in February, bringing the key inflation indicator’s year-over-year increase to 7.9%, the U.S. Bureau of Labor Statistics (BLS) reported. The CPI reached another four-decade high throughout February, with prices increasing nearly 8% on a year-over-year basis, the BLS reported Thursday. Economists surveyed by The Wall Street Journal projected the index to have grown just 7.8%. The core price index, which measures inflation of goods less food and energy, increased 0.

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