US inflation jumped 8.5% in past year

Prices in the United States have risen to their highest levels since 1981

By the end of March, the year-over-year growth was 8.5%

The war in Ukraine has raised energy prices for Americans

The index rose 7.9 percent during the year in February

  Which is the fastest rate of annual inflation in 40 years

Biden heads to Iowa to unveil plan to reduce gas prices as inflation soars

It is already struggling to keep Congress in check for the November midterm elections

The core index did suggest the pace of inflation was slowing, rising 0.3% from February, compared with 0.5% the prior month