The annual inflation rate in the US accelerated to 8.5% in March of 2022, the highest since December 1981 from 7.9% in February. Figures compare with market forecasts of 8.4%. The energy index rose 32%, and the food index increased 8.8%, the largest 12-month increase since the period ending May 1981. On a monthly basis, consumer prices were up 1.2%, the biggest increase since September of 2005 and matching forecasts, with the main contributions coming from gasoline, shelter, and food
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