Consumer Prices Continue To Soar; Retail Food-Price Gains Outpacing Menu Prices

Energy- and food-price increases pushed the Consumer Price Index to 7.9% for the past 12 months in February, the largest gain since January 1982, according to the latest data from the Bureau of Labor Statistics. The CPI rose 0.8% month-over-month, after rising 0.6% in January. The index, less energy and food, rose 0.5% and is 6.4%…