INFLATION ACCELERATED IN MARCH, HITS NEW 40 YEAR HIGH

Key Points:

  • The Consumer Price Index (CPI) increased 1.2% in March after rising 0.8% in February.
  • CPI increased 8.5% from a year ago, the highest reading in 40 years.
  • Prices remained above 5% for the tenth straight month.
  • The core CPI, which excludes food and energy, rose 0.3% in March and is up 6.5% from the previous year.
  • The core CPI’s increase of 6.5% is the largest 12-month change in 40 years.
  • The energy index is up 32.0% and the food index is up 8.8% from the previous year.
  • The food index increase of 8.8% is the largest 12-month change since May 1981.
  • The Right Facts will continue to monitor CPI.
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