"US consumer prices picked up again last month, vaulting to a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics.
That's up considerably from February?s 3.2% rate and marks the highest annual gain in the past six months. Friday's report further highlights that the path to lower inflation remains extremely bumpy, and continue to be a drag on Americans, hard-earned finances, and that any loosening of monetary policy might not happen soon." - CNN
Remember that inflation is a tax. Also, .gov is spending $1,000,000,000,000,000 ($1T) every 100 days. We are not walking to the abyss, we are running.