Feeling the squeeze: March inflation report shows eye-popping 8.5% increase over last year

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Feeling the squeeze: March inflation report shows eye-popping 8.5% increase over last year
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The Department of Labor announced Tuesday that the March inflation report shows an eye-popping 8.5% increase over last year, the fastest annual pace since 1981. AielloTV reports.

-- The Department of Labor announced Tuesday that the March inflation report shows an eye-popping 8.5% increase over last year, the fastest annual pace since 1981.

"My strategy is just to look for sales because that's the only relief you're gonna get," he told CBS2's Tony Aiello. "That's $8.69 compared to $6.99 in about a year and a half. It's a very steep increase," said Jose Filipe, of New Rochelle Farms. It's been more than 40 years since we've seen inflation like this, and it is very much weighing on the minds of Americans.

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