March 2022: Consumer Price Inflation up +8.5% from March 2021 -- higher than at any time in 40 years

 After 43 years of editing a for-profit financial and economics newsletter, ECONOMIC LOGIC, from 1977 to 2020, so I know there is only one economics term that accurately describes the current consumer price inflation target: Oy Vey. The first chart is a 25 year view of the Consumer Price Index, for context. The second chart is year over year CPI for March 2022 (+8.5%) and the prior 11 months: