Inflation in the U.S. continues to remain red hot as the CPI last month increased to 8.5% in March compared to the same month last year.
Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ Consumer Price Index spiked last month at the fastest pace since December 1981.The latest data from the U.S. Bureau of Labor Statistics shows that inflation has continued to rise month over month in the United States.
8% higher than the year prior, while March saw a 1.2% jump. According to a Bloomberg dataJust before the CPI data was released, the White House said that it expected inflation to be “extraordinarily elevated.” White House press secretary Jen Psaki blamed the inflation on Vladimir Putin and Russia when sheOn Tuesday, the economist and gold bug Peter Schiffhis 686,700 Twitter followers that inflation will not be transitory. “The 8.
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