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. now analysts say that the fed is probably going to spend somewhere between 12 billion and around $13 trillion. i m sorry. 250 billion to $13 trillion. i want to correct that. but that s a lot of money. and while analysts do believe that this could help, some analysts on the other side are saying this is gone to to be an ineffective policy. consumer prices now, we saw the highest jump in three years. retail sales rising almost 1%. that s the largest increase since february. so to what do you account all this the rising consumer inflation? we ve been talking about this a lot during the summer. it really has to do with those gas prices. gas prices have been at the highest since 2009. and that accounted for about 80% of the price hike that we saw in the last month. also, food prices, you remember during last summer there was that drought, soy bean crops were down, corn crops were down. analysts are predicting the price of food is going to even increase as we get closer to december. ....
Rain across much of the midwest this week thank goodness. comes as the government reports more than half of the 48 states are in moderate to extreme drought. the promise of rain too late for many farmers who have watched their crops die on the vine. the drought has hit corn and soybean especially hard. the analysts say that could push up prices on everything from food to gasoline. meteorologist audrey feign at a from our station wwor from new jersey. audrey the rain in the forecast, temps in the midwest are still soaring. they sure are. it s really not helping with those extreme drought conditions as you mentioned, shep. pretty quiet on the weather map we can see rain will be coming in across parts of iowa and illinois and. see corn and soy bean crops. later on in the week we are expecting this system to produce more rainfall. probably up to about an inch in that part of the nation as we go into thursday and into friday. unfortunately until then we are going to see hot ....
The states home to corn and soy bean crops are the hardest hit regions. this is in the top 10 of droug droughts droughts. this drought is not just bad to the farmers but for everybody. dry to the bone soil means there are fewer crops out there and that leads to higher prices when you go to the grocery store. bill: extreme weather causing deadly flooding in the state of arizona killing one man in the concern part of that state. after the vehicle he was traveling in was caught in a rush of water. in tucson rescuers fished out of the raging waters two other people caught in the floods. a driver whose minivan was stuck in a hand bar hidden under the rushing water as you see there from the video from arizona. ....