Inflation Hits 8.5% Year-Over-Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 1.2% in March, 2022.  However, the all items index was up 8.5% for the 12 months ending in March, continuing a 40-year high streak.  See chart below. “Increases in the indexes for gasoline, shelter, and [...]

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