chips or oreo cookies. food prices in june rose 2.4%. furniture is up 10%. airfare prices climbed 24%. truck sales jump ised 45% jumped 45% and gas home or heat the home, natural gas. it s gone from $1.40 or $1.50 a foot just a little over a year ago to over 4 today. so that s a tripling of that cost. energy costs are going to explode on consumers and homeowners and renters in the coming months. reporter: altogether, june s consumer price index jumped 5.4%, shocking many economytists. economists, indicating the continued pressure if on the already-strained economy and labor market. much of the inflation is attributed to supply chain bottlenecks. more people spending money after being home for so long combined with shuttered factories during
i have to try to channel that good energy when my next flight is canceled and look at it as an adventure. a bit more good news to pass along, if it feels like you re paying a lot for airfare, you re wrong. according to data by the department of transportation, airfares remain at historic lows when adjusted for inflation. a 5% decrease year-over-year, charles, and airfare prices since 2010. back to you, happy thanksgiving? charles: we won t talk about the bag fees, we will keep that positive energy going. don t you re going to get off easy by hitting the road when you head home. even though you will be hitting some traffic you ll also be giving thanks for those lower gas prices. hillary? hey, charles, more people are headed home for the holidays this season because gas prices are low. the price of oil is driving down
train crash in the metro area of new york in may, now the transportation secretary is saying let s look at the correlating airfare prices in that time frame. you know so much business travel happens in that northeast corridor. and they are saying we want to investigate price gouging, did the airlines was there could ergs, did they know they weren t going to increase supply. interestingly, consumers don t always defend the airlines but i looked at hundreds of comments people saying look this is supply and demand. those flights are already crowded. what did you think would happen. we ll see where the investigation heads. people defending the airlines for a change. let s go to sneaker makeover. what shoe has taken a new step? the chuck taylor. i couldn t believe the math on this. hasn t been redesigned in 98 years. but nike purchased the converse brand in 2003 and they found through their market research people love the look but not
unfortunately this american airlines flight supposed to come from richmond to chicago o hare land at just about 1:00 it s scheduled in at 7:30. six and a half hours extra travel time the day before thanksgiving, trace. that s a rough preturkey day. airline ticket prices also kind of bumping up a little bit as well, steve. yeah. it s the supply/demand thing. again, because airlines have slimed back and price prices going up. if you are looking for big boost hold on to your wallet that s the next big holiday. over thanksgiving prices were relatively flat compared to thanksgiving of 2011 where we do see a little bit of a jump is when we get to christmas. we are seeing airfare prices on average 8% higher than we saw last christmas. and for the biggest block of folks traveling this holiday season by car gasoline prices while having gone down this month are 8 cents higher last month according to a.a.a. than they were this thyme last
chicago, expected to be the nation s bussist airport today. usually airline tickets go up in price around the holidays. is that true this year as well? yeah, we are seeing a little bit of that as well. you were talking a second ago about how busy it will be here, between yesterday and a week from yesterday, between o hare and midway airport they are expecting to see 1.8 million passengers either in or out of chicago. yeah, it s going to be very busy through here, seu suggest which suggests that air travel is still popular even though the economy is sluggish. in terms of the tickets themselves yes they are up from earlier this month. if you re afraid of the big jumps we are still a holiday away from that. have a listen. over thanksgiving prices were relatively flat compared to thanksgiving 2011. where we do see a little bit of a jump is when we get to christmas. we see airfare prices 8% higher