Money Inflation rose at fastest pace in 40 years in March as consumer prices jumped 8.5% April 12, 2022April 12, 2022 Paul Davidson, USA TODAY Comments Off on Inflation rose at fastest pace in 40 years in March as consumer prices jumped 8.5% The inflation rate hit 8.5% annually in March, a new 40-year high, on surging gasoline and food prices. Inflation likely has peaked, economists say.