Transcript
A (0:00)
With a CNBC you money minute, I'm Jessica Ettinger. Americans are being called inflation weary. Inflation hit a two year high of 3.3% in March in the CPI, the consumer price index, and there's no end in sight.
B (0:15)
To remove some of the compounding nature of what these numbers encompass, you have to see minus signs. I wouldn't count on that
A (0:22)
anytime in the future. That's CNBC's Rick Santelli. Goldman Sachs economist David Merkel tells CNBC, you can brace yourself for more.
C (0:31)
So we, we saw a very large increase in headline. I think we will likely see another one in April. We think something like 4%.
A (0:37)
On CNBC, former Transportation Secretary Pete Buttigieg laid the inflation blame right at President Trump.
D (0:44)
Right now we have the administration actively making prices higher. They're actively making goods prices higher with the tariffs, obviously. They're actively making energy prices higher by killing energy transmission projects as well as generation projects. And they're of course actively making energy prices higher with a war that nobody wanted. Inflation is higher now, tripling
A (1:07)
from
D (1:07)
last month.
A (1:07)
And here's a take from CNBC's Kelly Evans and Brian Sullivan. All we experience is that prices still are going up and staying up there and creeping higher.
E (1:16)
Yeah, I mean if you tell somebody inflation is moderating, you might get punched in the face. If you're me, like the burger went from 12 to 20. Now we're happy because it's a 21. Exactly. But it's not going back to 12. All the pace of inflation is moderating. Everything is still stupid expensive.
A (1:30)
Lots more on the economy and how things affect your wallet. @cnbc.com I'm Jessica Ettinger, CNBC.
F (1:38)
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