Biden administration responds to highest inflation in four decades – CBS News
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The U.S. is at its highest level of inflation in over four decades as prices on everyday consumer goods surged in March. According to the Labor Department, the Consumer Price Index is up 8.5% from the same time last year, after climbing 1.2% last month. CBS News senior White House and political correspondent Ed O’Keefe has more on the Biden administration’s response.
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