Source: Zachary A. Goldfarb and Ylan Q. Mui, Washington Post ( Free Registration )

Americans paid more last month not only for gas and food but also for a variety of goods and services, including clothes, shoes, hotels and air travel, as inflation unexpectedly jumped to a 17-year high.

The consumer price index climbed 0.8 percent in July, the Labor Department said yesterday, twice as much as Wall Street anticipated. It was the third straight month of high inflation, and the 5.6 percent year-over-year change was the highest since January 1991, when the economy was in recession. 

Read Full Article: Inflation climbs to 17-year high