The US inflation rate soared to 8.5% in March under Joe Biden.
The 8.5% CPI was greater than the expected 8.4%.
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This is the highest inflation number since 1981.
BREAKING: Inflation hits its highest level since 1981 as March #CPI data is up 8.5% year-over-year, but one measure has investors excited: pic.twitter.com/BWLliVWWnm
— Squawk Box (@SquawkCNBC) April 12, 2022
Consumer prices are rising to their highest rates in 41 years.
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BREAKING: consumer prices in the U.S. are rising at their fastest pace in 40 years, with March CPI at 8.5% https://t.co/yjE5F3hQMg pic.twitter.com/cF1w7tTmIW
— BSurveillance (@bsurveillance) April 12, 2022
Reuters reported:
The consumer price index surged 1.2% last month, the biggest monthly gain since September 2005, the Labor Department said on Tuesday. The CPI advanced 0.8% in February.
Gasoline prices on average soared to an all-time high of $4.33 per gallon in March, according to AAA. While gasoline was the main driver of inflation last month, food and services such as rental housing also made strong contributions.
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March CPI hits 8.5% the Biden price hike is real! #BidenPriceHike #Bidenflation #BidenIsAFailure pic.twitter.com/5a7nibWN1R
— PureBloodKing (@SeanCra57756411) April 12, 2022
Bidenflation.
PutInflation in context pic.twitter.com/onADmgZWqi
— zerohedge (@zerohedge) April 12, 2022
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See also: A Triple Whammy On Food Prices – How To Prepare For The Worst
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