Economy

INFLATION NATION: CPI Up 8.5% in March, Hits New Four-Decade High

posted by Hannity Staff - 4.12.22

The Biden Administration continues to lose the fight against inflation; the Consumer Price Index rose 8.5% in March, setting a new four-decade high.

According to Fox News, “it’s] the fastest increase since January 1982, when inflation hit 8.4%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 1.2% in the one-month period from January.”

“Economists expected the index to show that prices surged 8.4% in March from the previous year and 1.2% on a monthly basis.”

This story is developing…

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