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US Inflation Rises to 8.5 Percent, Highest Level Since 1981

Inflation in the United States rose further in March, mainly due to higher fuel prices as a result of the war in Ukraine.


Inflation last month was 8.5 percent year-on-year, according to the US government. That is the highest level since December 1981.

In February, consumer prices in the world’s largest economy rose by 7.9 percent. Inflation in the US has now been above 6 percent for six months in a row.

Pump prices for Americans rose to record levels in March. But food has also become more expensive due to the war in Ukraine.

The Federal Reserve is raising interest rates to counteract high inflation. The US central bank is expected to raise interest rates by 0.5 percentage point early next month.

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