Watching Government: The US economy and fuel costs

Have sustained high crude oil prices started to reverberate throughout the US economy? Analysts and observers who loudly proclaimed a year ago that the economy was absorbing rising petroleum and product prices aren't saying the same thing this spring.The latest Consumer Price Index from the Department of Labor's Bureau of Labor Statistics (BLS) is one indication of the situation. BLS reported that the index climbed 0.4% during February on a seasonally adjusted basis from January's level. February's CPI finished an unadjusted 3% higher year-to-year.BLS said that the energy index, which had substantially declined during December and January, "increased 2% in February, accoun...

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