i am chelsea delaney welcome to the show. a key gauge of us inflation rows a steeper than expected 7.5 percent and the year through january high energy prices, supply constraints and strong demand have been driving and inflation. prices for used cars and gasoline searched by about 40 percent year over year. according to the labor department consumer price index. bacon prices were up 18 percent. the inflation spike has lasted longer than economist had anticipated. as increasingly weighing on consumers and businesses. now inflation is proving to be not only in economic threat, but increasingly a political threat for president joe biden. the white house released a statement about the data and with biden saying, while today is a reminder that americans budgets are being stretched and ways that create real stress at the kitchen table. there are also signs that we will make it through this challenge. now for more and less, let's bring against corta our correspondent and new york. so, you know, we have president bite and being a lit