Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
Posted on AllSides April 12th, 2022
From The Center
Prices that consumers pay for everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday.
The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the already elevated Dow Jones estimate for 8.4%.
Excluding food and energy, the CPI increased 6.5%, in line with the expectation.
The data reflected price rises not seen in the U.S. since the stagflation days of the late...
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