WASHINGTON (AP) -- Consumer prices shot up 0.5 percent in February, the biggest jump in 10 months, led by a record increase in fuel oil prices and sharply higher gasoline costs.
The big advance in the Labor Department's Consumer Price Index, the most closely watched inflation gauge, followed a modest 0.2 percent rise in January, the government said today. It was a slightly worse showing on inflation than many analysts were predicting.
Last month's increase stemmed from a huge 4.6 percent jump in energy prices, the biggest gain since a 6 percent rise in April.
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