And who's the culprit? Energy.
“Energy prices rocketed upward by 6.6 percent, reflecting big gains for gasoline, home heating oil and natural gas…"Transport costs, fueled by higher fuel costs, rose a staggering 3.8%.
Source: US Bureau of Labor and Statistics (pdf)
- When Oil Prices Rise, So Does Just About Everything Else
- New Texas A&M Study Shows Higher Oil Prices are Impacting Consumer Prices
- Food Price Problem: Outrageous Oil
- Hawaiians Suffer from Oil Spiked Food Costs
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