April 15, 2011 Reading Time: < 1 minute

“The government reported the Consumer Price Index, the most important monthly gauge of inflation, on Friday for March and it showed that inflation is rising at the fastest pace in more than a year. On average, prices are up 2.7% in the past 12-months. But if you take the past four months alone, prices are on pace to rise nearly 6% a year. That’s the fastest jump for inflation in nearly 30 years. The last time inflation topped 6% was in 1982.” Read more.

“Is Inflation Here to Stay? Price Rise Nears a 30-Year High”
Stephen Gandel
Time, April 15, 2011.

Image by Michelle Meickeljohn / FreeDigitalPhotos.net.

Tom Duncan

Get notified of new articles from Tom Duncan and AIER.