Consumer price inflation hit a new 40-year high in March
CNN
America's inflation problem didn't abate in March. Prices kept creeping up, hitting a fresh 40-year high, data from the Bureau of Labor Statistics showed Tuesday.
The Consumer Price Index rose 8.5% for the year ended in March, not adjusted for seasonal swings, outpacing February's elevated reading of 7.9% and matching a level not seen since December 1981.
This is a developing story. It will be updated
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