Consumer prices rose 7.9% in February 2022 compared with the same month last year, according to the Consumer Price Index for urban consumers. February had the highest 12-month increase in 40 years.
While inflation has been rising since November 2021, prices aren't rising at the same rate for all goods and services. And the most commonly used government measure for inflation doesn't treat price increases from each type of good or service the same way.
