Inflation Rises 7.5%, Fastest Growth Rate In 40 Years

Inflation rose 7.5% percent from last January to this January, higher than expected and the fastest rate of growth in 40 years. Consumer prices were up 0.6% percent from the previous month, with increases in food, electricity, and shelter as the biggest drivers. Veronique De Rugy, senior research fellow of the Mercatus Center at George Mason University, joined Cheddar to give her biggest takeaways on the latest CPI report.