May 18, 2022

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Inflation in the US at 8.5%

Inflation in the US at 8.5%

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The US inflation rate is 8.5%, the highest since December 1981

Inflation in the United States rose to 8.5% in March compared to March 2021 Does The Ministry of Labor has announced an update to the so-called Consumer Price Index (CPI).

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This is the highest increase since December 1981, 40 years ago. CPI is the basket of prices for goods and services such as food, energy, but also housing.

The increase is mostly due to these types. The Biden administration had already signaled yesterday that this would not be easy. The reference refers to Russia.

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