EXPECTED TO TAKE EFFECT BEFORE THE BEGINNING OF NEXT YEAR.
IT'S NOT WHAT WE WANT TO HEAR WHEN WE'RE ALREADY PAYING HIGHER PRICES FOR JUST ABOUT EVERYTHING. RIGHT NOW, WE'RE LOOKING AT THOSE NEW INFLATION TONIGHT AND THEY ARE COOLING
OFF ANY HOPE OF LOWER INSURANCE RATES. WPTV NEWS CHANNEL FIVE'S MATT SCZESNY LOOKS AT WHAT THIS MEANS FOR YOUR WALLET. THE CONSUMER PRICE NUMBERS CAME OUT FROM
THE GOVERNMENT AND ITS NEWS THAT NOT MANY OF US WANTED TO HEAR, BUT CERTAINLY SOMETHING THAT MANY OF US ALREADY THE PRICE OF THINGS.
>> STILL TOO MUCH. EXPENSIVE IS REALLY HAD.
>> TO SHOP A MOM OF 4 SAYING PRICES ARE NOT GETTING BETTER.
IN FACT, MARCH WAS A BIG KICK IN THE TEETH.
>> IT WAS WORSE THAN AND REALLY NO MATTER HOW SLICE BAKRATE ECONOMIST GREG MCBRIDE SAYS THE 3.5% INFLATION FIGURE IS SHOWING INFLATION PICKING UP STEAM.
>> EVERYTHING FROM HOUSING, ENERGY INSURANCE WITH NO END IN SIGHT. FOR MANY OF US, HAVEN'T SEEN IT. I'VE BEEN SHOPPING FOR LIKE A YEAR SINCE I GOT HERE.
>> AND EVERYTHING THAT REALLY HIGH. THE NEWS ABOUT INFLATION IS ALSO LEAVING FEDERAL REGULATORS. NO CHOICE BUT TO KEEP INTEREST RATES HIGH TO TRY AND SLOW DOWN PRICED. BUT
THAT LEAVES US WITH EXPENSIVE LENDING LIKE CREDIT CARDS. AND IT'S ALSO SAGGING WALL STREET AND 401 K ACCOUNTS. THE MAIN DRIVER OF THIS MANY SAY THE COST TO DRIVING UP THE PRICE
AT THE PUMP.
>> IT'S NOW TURNING INTO AT THAT DRIVES UP NOT ONLY HEADLINE RATE INFLATION, BUT AS WE'VE SEEN BEFORE, THOSE HIGHER COSTS, IF THEY PERSIST, THEY CAN MAKE THEIR WAY INTO
THE COSTS OF OTHER GOODS AND SERVICES. SO AT LEAST FOR THE REST OF THE SPRING OF LAY SHUNS STILL SEEMS TO BE HANGING AROUND.
>> AND GIVING US A LOT OF PAIN