Key inflation gauge jumped 6.6% in March, most since 1982

AN INFLATION gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest reading in four decades, further evidence that surging prices are pressuring household budgets and the health of the economy. / DAVID ZALUBOWSKI / ASSOCIATED PRESS FILE PHOTO
WASHINGTON (AP) – An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest 12-month reading in four decades, further evidence that surging prices are pressuring household budgets and the health of the economy. Yet there were signs in Friday's report from the Commerce Department that…

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