US inflation jumped 8.5% in past year, highest since 1981
Costs for food, gasoline, housing and other necessities squeezed American consumers, wiping out the pay raises many received. WASHINGTON (AP) — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that…
