Consumer Prices Jump 8.5%; Inflation Rising Faster than it has in 40 Years – Daily Access News
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Consumer Prices Jump 8.5%; Inflation Rising Faster than it has in 40 Years

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Everyone has seen the effects of rising inflation. From car lots to grocery stores, the side effects of inflation are on full display for the consumer. March showed no relief for prices, and prices aren’t likely to fall as we head into the Summer either. The good news is that prices may have peaked.

In fact, inflation hit a 40-year high as gasoline prices, food prices, and the cost of living in general crept even higher. With the 8.5% increase in the consumer price index, Americans haven’t had their pockets hurt as much as they are now since the 1980s.

What is Inflation?

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