Monday, May 3, 2010

Inflation rising at huge rates.

Americans saw prices rise two percent in the year to March according to the Commerce Department's personal consumption expenditures index published on Monday.

The figure, which is closely watched by the Federal Reserve as a sign of broader inflation levels, is approaching the maximum the central bank normally considers sustainable.

Energy and food costs rose 18.7 percent against March 2009, up almost four percentage points compared with February...........

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