Inflation...It's BACK says Labor Dept. - Rents a Key Driver

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Higher consumer inflation crashed the economy's growth party Wednesday. Rising rents and higher prices for a wide variety of consumer goods, including prescription drugs, were key factors behind a higher-than-expected 0.6% increase in consumer prices. The inflation news sparked a stock market sell-off amid fears that it would lead to higher interest rates and an economic slowdown.

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Diane M. Grassi is an investigative journalist and reporter providing topical and in-depth articles and analysis on U.S. public policy and governmental affairs, including key federal and state legislation as well as court decisions relative to the (more...)