Breaking: March Inflation Rate Soars to 8.5% Under Joe Biden

The US inflation rate soared to 8.5% in March under Joe Biden.

The 8.5% CPI was greater than the expected 8.4%.

This is the highest inflation number since 1981.

Consumer prices are rising to their highest rates in 41 years.

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.


See also: A Triple Whammy On Food Prices – How To Prepare For The Worst

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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