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Breaking: March Inflation Rate Soars to 8.5% Under Joe Biden

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The US inflation rate soared to 8.5% in March under Joe Biden.

The 8.5% CPI was greater than the expected 8.4%.

This is the highest inflation number since 1981.

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Consumer prices are rising to their highest rates in 41 years.

Reuters reported:

The consumer price index surged 1.2% last month, the biggest monthly gain since September 2005, the Labor Department said on Tuesday. The CPI advanced 0.8% in February.

Gasoline prices on average soared to an all-time high of $4.33 per gallon in March, according to AAA. While gasoline was the main driver of inflation last month, food and services such as rental housing also made strong contributions.

Bidenflation.

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