 "Inflation")
US 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.
Gasoline costs drove half of the monthly increase, which were up on account of the Russia-Ukraine war, while food was also a sizable contributor to the jump.
The consumer price index increased 8.5 per cent from a year earlier following a 7.9 per cent annual gain in February, the Labour Department data showed on Tuesday. The widely followed inflation gauge rose 1.2 per cent from a month earlier, the biggest gain since 2005.
