breaking moments ago, brand-new numbers on inflation and they are a wow. cnn s chief business correspondent christine romans joins us now. a wow and maybe a yikes. yeah. let me just show you the numbers and we ll talk about what they mean. overall inflation, consumer prices, what we all pay for things, up 7% over the past year in december. december versus december last year. that is the fastest rate of consumer inflation since 1982, when ronald reagan was president, ebony and ivory was the top song on the billboard charts. from november to december that inflation rose 0.5%. that s a big one-month jump. core inflation, stripping out volatile food and energy, that
about the economy overall. so, yeah, that is the political messaging that is so interesting here. the fed, by the way, is the inflation fighter. it is in the fed s wheel house to fight inflation. that might be something if they do it wrong could hurt the economy overall. here into 2022, we have a real interesting balancing act in terms of the economy. it is roaring ahead, prices are rising because of it, and now it is the fed s job to try to get things back in balance. highest inflation since 1982, ebony and ivory as christine romans says, number one on the charts. the political agenda from the white house and inflation not together in perfect harmony. well done. well done. thank you very much. john berman who wears a rugby from 1982. proudly. thank you so much, romans. meanwhile, after two years after tacks from right wing personalities and lawmakers, dr. anthony fauci is firing back and he brought the receipts this time. john avlon is here your reality check. thanks, ka
prices, high consumer spending and markets fighting off fears of the omicron variant. those are all positive signs pointing to a strong economy, wages, also expected to increase for employees next year. the white house working to temper expectations ahead of this report. janet yellen reportedly urging lawmakers not to be spooked by new inflation numbers as they continue to consider the price tag of president biden s social spending bill. what does all this really mean? let s bring in christine romans. when it comes to higher prices, look, we can all attest to that. we have seen it in different areas. what does this report tell us? these are the numbers that really quantify the gut punch for american consumers. that gut punch that feels like it really peaked in november. 6.8% is a big number. back to the 80s when stevie wonder and ebony and ivory was at the top of the charts, we were wearing clogs. this is not something we have seen in modern times, numbers
if you say the words joe piscopo to me and you say snl, there s a skit i think of. it s you, eddie murphy. you re the chairman i had dark and you are light you are blind as a bat side by side you in perfect harmony we re talking salt and peppy stevie and me are peachy keen my love for eddie murphy. my absolute respect and love for eddie murphy. i watch ebony and ivory and i think of you at the sands. do you play it that way or do you play it straight? let s leave a little mystery to it. i m not sure. i will decide. the wig is at the ready. the wig is at the ready.