Inflation Hits Levels Not Seen Since Financial Crisis, OECD Says

Inflation Hits Levels Not Seen Since Financial Crisis, OECD Says:

"Steadily rising gas and food prices pushed U.S. consumer spending totals higher in February, the eighth straight increase.

According to a calculation by Gluskin-Sheff economist David Rosenberg noted by New York Times, Americans now spend more than 22 percent of their salaries on food or gas.

This level, Rosenberg notes, has only seen twice in the last 20 years."