Higher gas and food prices pushed overall consumer prices up 0.8 percent in the Chicago metropolitan area in March from February, the Labor Department said Friday.
Nationally, prices rose 0.5 percent, matching February’s increase, the largest since the recession ended in June 2009, and raising concerns that higher gas prices could put the brakes on the economic recovery.
In the Chicago area, year-over-year prices rose 2.3 percent, and nationally they rose 2.7 percent.
Energy prices rose 5.8 percent since February in the Chicago area following a 3.1 percent rise that month. Gasoline prices jumped 9.4 percent. Overall energy costs were 13.7 percent higher than March 2010.
http://www.suntimes.com/business/4848104-420/hikes-in-gas-food-prices-lower-recovery-expectations.html.
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