they will keep going up. alex hogan on the price hike the keep coming and mark meredith in delaware on why he says they will soon be ending, we are not quite at that point. let s get right to it with alex hogan on all these flights. reporter: everyday items cost a lot more with prices jumping, the issue is really at the forefront of consumers minds. 83% of people are concerned about inflation, gases up 40%. getting back in a plane will cost 20%, furniture up 10% and grocery store items like bacon up 8%. big-name companies admit they are passing these higher prices to consumers to deal with higher cost and higher wages during the labor shortage acknowledging these spikes will likely continue to rise. federal reserve chairman jerome powell explaining help the inflation rate falls below 2% noting that june was 5.4, the increase is drastically higher than expected and there is no precedent for these numbers. the lumber industry saw prices soar during the pandemic which dropped
republican congresswoman kathy mcmorris rodgers on gas prices hitting $5 a gallon for the first time in the history, and bill barr on something he told january 6th committee and with our very own lucas tomlinson at white house on a president fending off attacks, it s that 70 # inflation show all over again, and he is the not too happy star. welcome, everybody, i m neil cavuto. happy weekend to you. let s go first to my buddy lucas on how the administration is handling all this bad news on prices. reporter: well, neil, the labor department issuing a brutal report yesterday saying that inflation is getting worse, not better. the average cost of goods up 8.6% over a year ago. now, president biden speaking in los angeles in addition to blaming putin, he s blaming exxon for the skyrocketing prices. they have 9,000 permits to drill. they re not drilling. why aren t they drilling? because they make more money not producing more oil. the price goes up, number one. and number two
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