US inflation jumped 8.5% in past year, highest since 1981
by
By PAUL WISEMAN, ANNE D'INNOCENZIO and MAE ANDERSON AP Business Writers
| April 12, 2022 12:40 PM
| April 12, 2022 12:40 PM
WASHINGTON (AP) — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
The Labor Department said Tuesday that its consumer price index jumped 8...
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