Rising Gas Prices Push Up Inflation For First Time In Four Months

[Purveyor]

Source: LA TIMES

Consumer prices rose in February for the first time in four months as gasoline prices rebounded following a steep fall that has driven down inflation since the middle of last year.

The consumer price index increased 0.2% after a 0.7% drop in January that was the largest decline in more than six years, the Labor Department said Tuesday.

Gasoline prices rose 2.4% in February after falling 18.7% the previous month. The increase in prices at the pump was the first since June.

More broadly, energy prices were up 1% in February following a 9.7% decline the previous month.

Read more: http://www.latimes.com/business/la-fi-inflation-consumer-price-index-20150324-story.html

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Our local gasoline prices went up .45 over the last week. Now selling for $2.59. Paid $2.15 exactly one week ago.

[winstars]

1. Gas in SoCal went from $2.33 to $3.59 in Feb-March. Now has gone down to $3.19 this week.

[Fred Sanders]

2. Should have been near $6 nationally as predicted by all the neo-cons 6 years ago....thanks, Obama.

And they are NEO-cons.

Very neo.

[raccoon]

3. Obviously those who do these calculations, and write these articles, don't buy groceries.

"Consumer prices rose in February for the first time in four months..."

[awoke_in_2003]

4. you can blame how inflation is calculated

it is purposely miscalculated so those on Social Security, military, etc, don't get real raises.