Inflation at its highest since 1981

America’s inflation train didn’t slow down in March. And lululemon has a way to help shoppers deal with that inflation.
Good afternoon. The rising inflation rate is just as bad as you think. The Consumer Price Index rose 8.5% for the year ending in March. It’s a level we haven’t seen since 1981.

The Dow fell 87 to close at 34,220
The Nasdaq lost 40
The S&P was down 15 on the day.

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Back to the Consumer Price Index – life sure costs more these days. Higher gas and food prices are behind it. Just last month, gas prices rose 18%. Year over year, gas prices shot up 48%. Energy costs soared 32%, while food prices rose 9% – the biggest increase in food prices since May 1981.

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Oil is up $6 / barrel today, but gas prices seem to be falling across the country. Triple-A say the average price has fallen back below $4 / gallon in many places.

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And to help you deal with inflation, lululemon is launching a trade-in resell program. You trade in your gently used leggings and tops and you get a gift card. You can also now buy used items on their website.

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From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.