los angeles. we ll watch for it and cover it if it happens. i m harris faulkner and you are in the faulkner focus . the inflation rate last month rose 8.6% from one year ago. the fastest pace since december 1981. that s up from 8.3% in april. it is hot. i told you, it s running hot. the energy sector hit hard. prices there for gas, heating, electricity have skyrocketed. prices of meat and eggs surging the double digits. the white house is ignoring the people it s supposed to serve and they know the power is in the hands of the voters. every item when i go food shopping is 20% more post covid. so it is tough out there for everybody. doesn t seem to be stopping. oil and gas, i don t see that mitigating. so it is going to hurt. i do know inflation is very high and everybody harris: larry kudlow warns brace for the summer. there is a lot of talk in both washington and wall street that we had seen peak inflation. there is no evidence in this report that we ve seen pea
you have a bigger paycheck. when you walk in the store you come out with fewer bags than you did a year ago. harris: you can see the disproportion between what we are taking in and how it really spends and bill: inflation is crushing it. harris: it s like an engine driving over us. you can t reel it in. it feeds on itself. if you think prices will be higher two months from now and there is something you want to get one of your kids had to get him a suit or something, you will get it now. so we re all rushing out there trying to get ahead of that. harris: put more demand which makes prices go up again. it is a spiral. we have to wait it out. the fed will try to do their part. we ll see. harris: president biden, what is his role? if he would just communicate better with us. honesty is the most important thing right now. harris: do you think there is nothing he can do at this
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