Business Report: The inflation surge continues
Clip: 04/12/2022 | 2m 27s | Video has closed captioning.
The consumer price index for March shows consumer prices rose 8.5% from a year ago, as costs for essentials continue to rise. In the past 12 months, gasoline prices rose 48%, food by 8.8%, the cost for shelter rose 5% and medical care services rose nearly 3%. Prices have been rising due to strong consumer demand and supply chain shortages, made worse by Russia’s war against Ukraine.
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