i'm janelle de malott unwelcome, the world's biggest the economy as posted. dramatic inflation number's showing the fastest rise in prices since 1982 supply shortages and unprecedented demand in goods are driving up costs in squeezing households across the board. many americans have been feeling the effects for months. prices on every day items are up with the average increase hitting it close to 40 year high of 7 percent in december. when compared to the same time last year. steady increases mean that when we look back at that 12 month period, there's a bit of sticker shock. the cost of new and used vehicles are up and day to day. necessities like food, energy, and shelter, have all risen. the federal reserve does have a 2 percent inflation target, but as the reason data show that target has been blown out of the water. but at this point, even if inflation slows down, prices may stay high. a lot of the factories in, in asia, that in the initial stages of supply chain issues had been shut down and had more recently gotten up and running in late 2021. you're already starting to see some