Watch CBS News

Labor Department: Inflation jumps to highest level since 1981

The cost of living in America shot up in March, as consumer prices have risen 8.5% from a year ago. Steve Odland, the president and CEO of The Conference Board, joins CBS News to discuss what the increase in costs means for the economy and if the U.S. is headed towards a recession.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.