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U.S. consumer prices soared 6.2% in past year, most since 1990

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

American households have been struggling with accelerating inflation for months. On Wednesday, the government spelled out just how much they have. Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left families facing the highest inflation rate since 1990. The year-over-year increase in the consumer price index exceeded the 5.4% rise in September, the Labor Department said. From September to October, prices jumped 0.9%. Inflation is eroding the strong gains in wages and salaries that have flowed to…

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