Consumer prices spiked 4.2% in the last 12 months, according to new data released by the Department of Labor.
A look at recent inflation, with prices for consumer goods, food and used cars surging as the U.S. economy picks up.Consumer prices spiked sharply in April, according to new data released Wednesday by the Department of Labor.
The core index, which excludes volatile food and energy indexes, jumped by 3% over the past 12 months and 0.9% in April alone.
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