Inflation hits consumers hard
July 17th 2008 09:20
Jul 16 - A new report finds inflation growing at its fastest pace since 1991 thanks to high energy and food costs.
For consumers, the news was grim. Inflation is in fact soaring at a dramatic pace. For the Federal Reserve the report presents yet another challenge.
Bobbi Rebell reports from New York.
SOUNDBITES:
Robert Dye, Senior Economist, PNC Financial Services Group
Federal Reserve Chairman Ben Bernanke
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