U.S. inflation quickens to 8.5%, ratcheting up pressure on Fed
Consumer prices rose 1.2% from February, the biggest gain since 2005 as gasoline costs drove half of the monthly increase.
U.S. consumer prices rose in March by the most since late 1981, evidence of a painfully high cost of living and reinforcing pressure on the Federal Reserve to raise interest rates even more aggressively.
The consumer price index increased 8.5% from a year earlier following a 7.9% annual gain in F
Learn more about reprints and licensing for this article.
