Prices

Inflation Climbs to Highest Level in More Than Three Years as Rising Prices Continue to Squeeze Americans

[Photo Credit: By Mr. Satterly - Own work, CC0, https://commons.wikimedia.org/w/index.php?curid=83013193]

Inflation accelerated to its highest annual level in more than three years last month, according to new data released Thursday by the Commerce Department, underscoring the continued pressure higher prices are placing on American households. The department reported that prices, as measured by the personal consumption expenditures (PCE) price index, increased 4.1 percent over the…

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