US inflation jumped 8.5% in past year, highest since 1981

Summary by Ground News

Consumer price index jumped 8.5% in March from 12 months earlier. From February to March, inflation rose 1.2% , the biggest month-to-month jump since 2005. Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets.

Published 11 months ago · Washington, United States

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Times of India

US inflation jumped 8.5 per cent in past year, highest since 1981

Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia'..

11 months ago·Mumbai, India

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BBC News

Soaring petrol prices send US inflation to 40-year high

Consumer prices reached a fresh 40-year high in March after the US stopped Russia energy imports.

11 months ago·United Kingdom

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The Guardian

US inflation climbed to 8.5% in March, highest rate since 1981

Inflation is now at levels unseen in the US since Ronald Reagan took the White House

11 months ago·London, United Kingdom

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Reuters

US CPI rises 8.5% year-on-year in March Will interest rate hikes accelerate due to continued growth for the first time in 40 years

[WASHINGTON 12th Reuters] - The March consumer price index (CPI, seasonally adjusted) announced by the U.S. Department of Labor on the 12th rose 8.5% from the same month last year. The growth accelerated from the previous month (7.9%) and became the highest since December 1981. There is a possibility that the US Federal Reserve Board (FRB) will raise interest rates by 50 basis points at the Federal Open Market Committee (FOMC) in May due to the …

11 months ago·United Kingdom

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