US inflation jumped 8.5% in past year

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

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

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The war in Ukraine has raised energy prices for Americans

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The index rose 7.9 percent during the year in February

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Which is the fastest rate of annual inflation in 40 years

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

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

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

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