The Washington Post: Prices climbed 8.5% in March compared to last year amid growing fears of economic slowdown

The White House and Federal Reserve have launched several initiatives to try and corral inflation, but the spike in prices on gasoline, food, and a range of other products continues to weigh on millions of Americans. The economy is now expected to grow at a slower pace later this year, in part because inflation causes families and businesses to weigh whether to scale back on purchases to protect their budgets.