What does Russian-Ukrainian tension have to do with 7.9 % inflation rate hike,biggest year-on-year leap since 1982? Here is the answer Rising fuel and food prices have pushed U.S inflation to 40 years high of 7.9 percent. The new figure is the biggest year-on-year leap since 1982 and up from the 7.5% rate reported in January. This is driven by rising costs for energy, food and shelter as they affect household incomes. Energy prices in the US jumped 3.5 percent in February, driven by a 6.6 percent leap in gasoline…
Read MoreU.S Inflation Hits 40 Year-High As Fuel, Food Prices Surge
