The Cost of Inflation: Consumers Face Higher Prices for Food, Household Items

Produced by Neil A. Carousso

NEW YORK (WCBS 880) — American consumers are facing the brunt of inflation.

Prices for food, cars, and household furniture and appliances are responsible for much of the 7.5 percent annualized inflationary surge. Wage pressures resulting from the tight labor market could push inflation higher, too, as WCBS anchor Steve Scott discusses with CNBC senior economic reporter Steve Liesman on The 880 Weekly Rewind.