Inflation Rate Grows, Driven By Energy, Food Costs

Courtesy NPR Programs: Morning Edition  Fri, 08/15/2008 - 6:30am

The Department of Labor says inflation is growing at the fastest rate in 17 years. The Consumer Price Index was up about 5.5 percent from a year ago.

Energy and food prices drove the increase in July. With oil prices falling, inflation could slow in August, but the pain may linger.

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