The Fed's favorite inflation measure ticked even higher last month
CNN
America's inflation problem didn't abate in February, as another key price measure rose to a 40-year high.
The Personal Consumption Expenditures price index rose 6.4% in February from the same period a year earlier. It was the fastest increase since January 1982, the Bureau of Economic Analysis reported Thursday.
This is a developing story. It will be updated
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