In the spring of 2011, U.S. consumers were hit with high energy and food prices. This double whammy drove headline consumer prices, as measured by the Consumer Price Index (CPI), from a 1.1% year-over-year gain in late 2010 to nearly 4.0% by the fall of 2011. A rapid acceleration in food and energy prices accounted for most of the acceleration in overall inflation…

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The Ebb of Energy & Eating Costs