Inflation hit a new 40-year high in March. Could it get worse?

gas prices
A customer prepares to pump gasoline into his car at a Sam's Club fuel island in Gulfport, Miss., Feb. 19, 2022. Rogelio V. Solis/Associated Press
gas prices
A customer prepares to pump gasoline into his car at a Sam's Club fuel island in Gulfport, Miss., Feb. 19, 2022. Rogelio V. Solis/Associated Press

Inflation hit a new 40-year high in March. Could it get worse?

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Consumer prices rose 8.5 percent annually in March, the highest rate since 1981. Reset digs into why ballooning inflation rates are having a disproportionate impact on small businesses, and how long skyrocketing consumer prices are expected to last.

GUEST: Phillip Braun, clinical professor of finance at Northwestern’s Kellogg School of Management