Inflation Reaches 8.5% For First Time in 11 Presidential Terms

Breaking News

8.5% Inflation

Breaking News 8.5% Inflation

With brutal price increases nearly across the board, the Consumer Price Index saw a year over year increase of 8.5% in March 2022 up substantially from the then stunning 7.9% increase from February 2022. This increase is the highest since Reagan’s first few months in office in 1981… roughly 11 presidential terms ago.

While gasoline prices led the way on price increases, only a small handful of items rose by less than the Federal Reserve’s stated goal of 2% year over year inflation.

In the coming months, inflation as measured year over year will be compared to the beginning of the most recent spike in prices which began in earnest in April 2021. So in other words, if inflation continues at a near record pace or close to it, the challenges to broad economic control over prices will reach into a new phase of difficulty as prices have then risen quickly for over a full year.

We will be covering the challenges to employers and employees facing steep price and asset inflation. For more in depth reporting click here for Yahoo/Bloomberg reporting.

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