Inflation Gauge Escalates ; Consumer Price Surge in February Most in Months

The ColumbianMarch 24, 2005

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WASHINGTON Consumer prices in February registered their biggest increase in four months, forcing people to shell out more to cover energy, medical and education bills.

The latest snapshot of inflation, released by the Labor Department on Wednesday, raised the chances that the Federal Reserve might have to be more aggressive in its interest rate-raising campaign, economists said.

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Inflation Gauge Escalates ; Consumer Price Surge in February Most in Months

The government's most closely watched inflation barometer, the consumer price index, jumped 0.4 percent in February. That was a fresh signal inflation is gaining momentu...

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