Inflation in February increased 7.9 percent from a year ago, The Wall Street Journal reports Thursday, "as skyrocketing energy and commodity prices related to the Russian invasion of Ukraine pushed already-elevated costs higher."
In fact, the consumer price index, which measures the cost of goods and services, reached "a fresh 40-year high" last month, CNBC writes, having hit its highest rate since January 1982, per the Journal.
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