White House warns of ‘extraordinarily elevated’ March inflation

WASHINGTON: The already-high US inflation rate likely climbed even further last month, the White House warned Monday, amid a spike in energy prices caused by Russia’s invasion of Ukraine. “We expect March headline inflation to be extraordinarily elevated,” White House Press Secretary Jen Psaki told reporters ahead of the Tuesday release of the closely watched consumer price index (CPI) data. The world’s largest economy has … Continue reading White House warns of ‘extraordinarily elevated’ March inflation