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General News 8/15/2008 at 6:02 AM EDT

US inflation fastest since 1991

Quicklink Submitted By Darren Wolfe 1 comment

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US prices rose by 5.6% in the year to July, the fastest inflation rate for more than 17 years, figures show.

The rate of inflation was much greater than economists had predicted, driven higher by the 30% increase in energy prices during the period.

Food costs were 6% higher than a year earlier, the figures showed.

Read the rest of the story HERE:

At news.bbc.co.uk

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Darren Wolfe is the former Eastern Vice Chair of the Libertarian Party of Pennsylvania. He presently blogs as the International Libertarian http://www.theinternationallibertarian.blogspot.com/ His articles have also appeared in Ammoland.com, (more...)

Related Topic(s): Cost Of Living; Economy-Economics- US; Food Cost; Inflation; Treasury Federal Reserve Interest Rates, Add Tags

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