Inflation in U.S Growing at Fastest Pace in Over 27 Years

Courtesy Digg - Business & Finance  Wed, 07/16/2008 - 02:10

The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel.

Soaring costs for gasoline and food pushed inflation at the fastest pace in more than a quarter-century.


 

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