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IN THE NEWS: KEY INFLATION GAUGE REACHES 40 YEAR HIGH AS FUEL, FOOD PRICES SKYROCKET
A key inflation metric monitored by the Federal Reserve soared 6.4 percent in February compared to a a year ago, reaching a new 40-year high. The latest price surge, which effected the price of fuel, groceries and other consumer essentials, represents the largest year-over-year increase since January 1982, according to data released by the Commerce Department on Thursday. MORE FROM THE NATIONAL REVIEW HERE.
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