Subscribe
Business

Inflation rises to 8.5% in March, highest in more than four decades

By Zach Halaschak
Published
Add Washington Examiner on Google
Inflation rises to 8.5% in March, highest in more than four decades

Consumer prices increased 8.5% in the 12 months ending in March, a number that is sure to fuel consumer anxiety and erode support for President Joe Biden’s agenda.

The inflation rate is now higher than at any time since December 1981, when the United States was still suffering the Great Inflation that helped bring President Ronald Reagan to office, according to the data released by the Bureau of Labor Statistics on Tuesday.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Biden Administration Federal Reserve Inflation Prices