to make them believe, hey, you re doing really well, better than you think? well, you know, really well, i m not sure i promised them really well with 2.6% on average. but better than they think. yeah, the problem is that a lot of the sticker prices they see, eggs famously at the moment because of the avian flu, though they re coming down, we had an episode of gas prices, obviously, going up enormously, those kind of things are hard to explain. you can see on this chart here, inflation really did run at a very high level coming out of covid, after the shutdown. price of goods were higher. labor shortages made wages go up, which is good, but also prices went up. you can see on the chart how fast inflation has come down. averaged 1.9% the last three months. prices actually went down in december. i wouldn t promise that or advertise that as where we re headed, but for the moment, inflation is moving in the right direction. what you have to watch, and jay powell, the chairman of the fed,
Daily Show player Michael Kosta is hitting the road to talk about some non-political things after a momentous week of comedy in New York, where host Trevor Noah steps down in a surprise move.
82% of new vehicle prices in january were above the manufacturer s suggested retail price. if you re out there, you have paid over sticker price. you re definitely not alone. the overwhelming majority of new car shoppers are also doing the same. reporter: ford says about 10% of their 3,000 u.s. dealerships are doing it. and in an earnings call last week, ceo jim farley warned them to stop. we don t like making our customers wait. and we re taking action to ensure that they don t pay unreasonable markups. reporter: gm also threatening action against the small minority of bad actors selling at rates far in excess of sticker prices. for automakers, trying to keep their market share and their kus mers happy, this is something that they may think about enforcing. reporter: both companies saying if those dealers continue inflating prices, they could withhold shipments of new cars. and david, experts say there is a silver lining in this wild car market. if you already own a car,
reporter: and that s what the holidays are really about, right? people just loving each other. the mayor of east point started this with her husband and her daughter about three years ago. she said initially they wanted to start it because they wanted to give back to their community and they knew there were people who didn t have food at home or who didn t have a roof over their heads. she wanted them to have a place to go, a warm meal. but then she said she also realized there were a lot of people who just needed other people. and so that s what this was about here. there were no labels, katy, just people. the only requirement was that you have an open mind, an open heart, and a hearty appetite. sometimes you re in need of conversation and company. ellison, thank you so much and happy thanksgiving to you as well. as we head deeper into this holiday season, americans are seeing soaring sticker prices
and here s something puzzling to me about that. senate republicans unveiled a counter proposal. the sticker prices 900 billion dollars, less than half of what biden s original proposal called for. it takes out a bunch of the most popular parts of the bill. that sticker price is an illusion. 600 billion of those dollars are already in the federal budget and scheduled to be spent on infrastructure projects, bill or no bill. republicans are only proposing 257 billion dollars here which is not at all close to the two trillion dollars biden originally proposed. also completely swapped how the plan would be paid for. a poll last month out of monmouth university found 64% of americans supported biden s plan to pay for the bill by raising taxes on corporations, and 65% supported his plan to pay for it by raising taxes on individuals making more than