US inflation rises to 8.5%, a 40-year high
What happened. The US Bureau of Labor Statistics reported on 12 April 2022 that consumer prices rose 8.5% year on year in March, the fastest pace since December 1981, driven by energy and food prices.
Why it matters for investors. The reading reinforced expectations of aggressive Fed tightening and was a reference point for the global shift to higher rates.
Event date: 12 Apr 2022. Source: US Bureau of Labor Statistics, Consumer Price Index.
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