Inflation Hits 8.5%, Highest Level In Over 40 Years

Inflation numbers rose in March to their highest levels in more than 40 years, according to the newly released Consumer Price Index (CPI) report from the U.S. Bureau of Labor and Statistics. In March 2022 alone, inflation rose 1.2%, outpacing economists’ expectations and greatly exceeding the 0.8% increase in February 2022. On an annual basis, inflation hit 8.5% – higher than the already elevated Dow Jones estimate of 8.4%, according to CNBC. “Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase,” the CPI report said. “The gasoline index rose


