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that s considerably down from october and november when inflation was up .8 and .9% respectively. one reason why it came down in december, why the rate of inflation was slower in december is because energy prices actually fell after growing 6% in october and november. they actually fell half a percent in december. okay. matt eagen joins us now. give us your take. well, clearly the cost of living is going up. in some cases, pretty dramatically. consumer prices up by 7% from a year ago. the biggest spike in 39 years. month over month, yes, price gains did decelerate, but they will still up by more than expected. we have this line chart that shows how headline inflation continues to move in the wrong direction. it s really going straight up. it s the eighth month in a row where we ve seen 5% or higher inflation. the federal reserve s goal is for 2% inflation. we are nowhere near that. so we also need to talk about how some of these specific price gains are really in re ....
top of a brand new hour. it is good to be with you. i m victor blackwell. and i m alisyn camerota. the u.s. begins 2022 with a winter blizzard and a viral blizzard. more than 20 million americans are under weather alerts from the southeast to new england. this is the region s first major snowstorm of the season. in the meantime, the omicron variant has driven the average new infections to a record breaking 404,000 a day. hospitalizations are rising at a slower rate, but we are now learning that there are 100,000 people in the u.s. in hospitals with covid. this double hit has led to major disruptions, schools and businesses and travel. one major airport has ordered a ground stop because of the severe weather, and that is on top of the 17,000 plus flights that have been cancelled since christmas eve from staff sickouts because of covid. we begin the hour with cnn aviation correspondent pete muntean at reagan national. first, talk about this ground stop, and when poten ....
imposed around the dpglobe. the rocketts calling off the christmas spectacular. in ireland, a curfew begins at 8:00 p.m. rio and paris deciding to cancel planned new year s fireworks shows. the world s health organization warning today that cases of the omicron variant double in under three days for countries already seeing infections. in the u.s., covid hospitalizations are at levels not seen since september. now, an admission from vice president kamala harris. she says we didn t see delta coming. i think most scientists did not. she goes onto say we didn t see omicron coming and that s the nature of what this awful virus has been which as it turns out has mutations and variants. harris adviser tells cnn the vice president was referring to the exact kind of mutation and not the prevalence of the variant themselves. we have more on growing signs that a winter surge is on the way. reporter: covid-19 infections and hospitalizations are rising in the u.s. promptin ing di ....
done, but his biggest priorities are stalled because democrats cannot work out their differences. and wall street likes the new federal reserve plan to fight inflation, but how might tim pact you? we begin though with the coronavirus and with the big question. what does the rapid spread of the omicron variant and a sudden wave of major covid disruption tell us about the winter just ahead? president biden meets with his covid team today to discuss this moment s public health triple threat, the delta variant already causing a case surge and a health care system strained. new omicron variant cases are climbing exponentially and the third piece, the flu now making an unwelcome comeback. disruption is again way too easy to find. cornell and princeton and nyu among the colleges and universities shifting back back to online learning and several broadway shows now closing for the same reason. plus, the nfl, the nba and the nhl all seeing star players sidelined and games postpon ....
today we will take an in depth look at inflation as prices head higher worldwide, fuelled by surging energy prices and a major supply chain crisis. in the us the consumer goods giant procter & gamble says it will have to pass on the costs to consumers with prices going up on a range of household goods. michelle fleury has more from new york. the maker of detergent and toothpaste said it would raise prices are going to help it absorb the increase in raw materials and shipping costs it the move by procter & gamble comes as some measures of inflation are already stuck at 30 year highs. the ceo hurled reporters that they would hike prices on a range of beauty and grooming problem dogs including razors and toothbrushes. and thatis razors and toothbrushes. and that is after warning this spring that it would be forced to raise prices on its paper based product. p&g now expects to sell out $2.1 billion this year on shipping and raw materials after costs rose faster than the $1. ....