BANGKOK: A Public Health Ministry sub-committee on immunity promotion has approved the use of Sinovac’s COVID-19 vaccine on minors over the age of three, it was announced yesterday (Jan 31).
how about smaller things you buy every day? gallon of gas now cost $3.17. a year ago, $2.08. it s a 52% increase. that s inflation. a dozen eggs now cost $1.84, up 36% from a year ago. pound of bacon, $7.22. a pound of bacon up about 30% in a year. so all in, consumer prices rose in august by 5.4% from a year ago. there go any wage increases right out the door. and right now, inflation is at a 30-year high. a 30-year high and as i said, if there is anything that can eat away any wage gains and eat away an economy, it is inflation. but the president and his cabinet have been saying don t worry about it. it s just transitory or temporary. it s just going to last for a little bit here but they have been saying it for months. my judgment right now is that the recent inflation that we re seeing will be temporary. it s not something that s endemic.
mid-september, 3$3.17and now up in just a month. pete muntean is with us. what is driving this spike? the price of crude oil is up. just closed at higher than $80 a barrel. the highist est it s been in th last seven years and could be as high as $85 or $90 a barrel by the end of this year. the point is from aaa, we are only just seeing the start of these high prices. what people should know, this is not a shortage. people think prices are going up. there must be a shortage. we have plenty of supply. there s plenty of oil. it s just that the price of that oil is going up. reporter: the highest prices across the country are out west. gas buddy says the metro area with the highest price is the san francisco area, $4.60 a gallon on average there. although the most common price across the country, $3.09 like this gas station here in