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promising sign on the inflation trajectory. a new report shows that online prices actually dropped in december for the fourth consecutive month. let s bring in cnn s matt egan. so matt, what is this report telling us? is it just december christmas sales? well, abby, this is encourage news. online prices, they fell more than 1% in december from the year before. and these were actual price drops. we re not talking about prices going up at a slower pace. they were actually going down. and you know what s funny is that during normal times this wouldn t be noteworthy at all because as you can see on your chart, precovid online prices were always falling. but what changed was demand for shopping online soared during covid, supply couldn t keep up. prices had nowhere to go but go higher. so we had this unusual situation where online prices were rising. now as you mention four months in a row of prices going down. and this is a sign of improving supply chains, online shopping going back towa
back on the right track. president biden pushes trillions of dollars in spending. jon jordan, economist, former naval intelligence officer and overseas stanford s hoover institution. that inflation number 5% increase was higher than most economists predicted, that s not a good sign, is it? absolutely not and it could go much higher. the worst part is we don t know what the trajectory is going to mean. a transitory thing like the white house say it s permanent but we do know democrats are doing everything they can to be authors of their own political destruction here. they are doing everything they can to ensure the permanent on the upwards trajectory of inflation trajectory. first, they are doing everything they can to make energy expensive, drilling more difficult, undermining pipelines, and the like and we are starting to see that in