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.
energy foodInflation Rate Grows, Driven By Energy, Food CostsNPR Programs: Morning Edition Fri, 08/15/2008 - 6:30am
March consumer prices up despite big drop in clothing costs (AP)Ytop stories Wed, 04/16/2008 - 7:34am
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