Biden predicted inflation hit its 'peak' in December, but March numbers show CPI at 40-year high

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Three months after President Biden said inflation hit its peak, the consumer price index hit a new 40-year high, according to a new Labor Department report released Tuesday. The consumer price index rose 8.5% in March from a year ago, marking the fastest increase since January 1982, when inflation hit 8.4%. So-called core prices, which exclude more volatile measurements of food and energy, climb...

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