level of paint and starting right now. sandra: we have had to see unemployment go up in order for the prices to go down, perhaps it s a sign the fed will not have to be as aggressive. i think the gridlock piece of this is one thing. digesting now and saying well at least if republicans get the house, they can stop spending, they can block spending. and that s what is driving the inflation number higher or has been. when i look at the inflation number at 7.7%, core is 6.3%. strip out food and energy, still high. sandra: here is the food inflation, by the way. you have double digit increases in some basic needs like milk and vegetables, egg prices are up 43% year over year. by the way, in our voter analysis, when people were asked, what is the most troubling aspect of inflation for them, it was not even gas prices. it was food. and that s what i m saying. so just anecdotally speaking,
like this. you look at the line chart of inflation, this is the worst in years and certainly the most meaningful price inflation we have seen in our recent memory. strip out food and energy, and this growth rate is 4.9% year over year and half a percentage point, half a percent for the month from october to november. and it has been energy driving much of this. you ve seen that, we have talked about gas prices and those prices have been moderating in the past few weeks, which is why some economists are saying they think this might be the worst. you can see that you had some really sharp core rates earlier in the year and that appears like it might be moderating a little bit here. we also know that the shortages because of supply concerns, we re hearing from ceos and we re hearing from the white house, we re hearing from supply chain managers, demand is strong. this is a sign of a strong economy, guys. people are rushing out at the
the bottlenecks that are driving shoppers and shippers batty. we begin with susan. we re looking at the fastest jump in consumers prices since 1991, 30 years ago when prices went up this quickly. you re paying 4.5% more than a year ago. strip out food and energy, core inflation, which is the federal reserved preferred gauge, that still went up 3.5%. still a three decades high. you ve been hearing complaints from americans biggest companies about the high prices that they have to pay. starbucks being the latest today with the stock having to single worst day in a year and they said they were making less because they have to pay more for raw materials and labor. when these companies pay out more, they pass on the costs to consumers by hiking their own prices and just this week, caterpillar, kraft, heinz,