Fox News on Consumer Prices Rising at Fastest Pace in 13 Years: ‘We’re Paying a Lot More These Days’

‘Shortages of labor and materials make goods even more expensive’


LI: "Hey there, Neil. Yeah, we’re paying a lot more these days. Numbers confirming it this morning, with consumer prices rising at the fastest pace in 13 years. Consumers are spending because they're armed with stimulus checks, while shortages of labor and materials make goods even more expensive. The Consumer Price Index jumping five percent, that's the fastest increase since August 2008. And as you mentioned, if you strip out volatile energy and food, still the biggest jump since 1992. Gas prices were up by more than 50 percent from last year. Prices for used cars and trucks driving a third of the rise in the overall index. Current truck rental prices doubling from 2020, while plane tickets are 25 percent more expensive."

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