Inflation rate 8.5%

From this source:

"The annual inflation rate in the US accelerated to 8.5% in March of 2022, the highest since December of 1981 from 7.9% in February and compared with market forecasts of 8.4%. Energy prices increased 32%, namely gasoline (48%) and fuel oil (70.1%) as Russia’s invasion of Ukraine pushed crude oil prices higher. Also, food prices jumped 8.8%, the most since May 1981. Also, inflation accelerated for shelter (5% vs 4.7% in February) and new vehicles (12.5% vs 12.4%) but eased for used cars and trucks (35.3% vs 41.2%). Excluding volatile energy and food categories, the CPI rose 6.5%, the most in 40 years but slightly below forecasts of 6.6%. Many analysts expect that March will mark the peak in inflation although the war in Ukraine is far from over, supply chain bottlenecks persist and consumer demand remains elevated which is likely to weigh on the CPI for longer. source: U.S. Bureau of Labor Statistics"