JAX. IT’S A PROBLEM. HOUSE PEOPLE ARE REGULARLY SEEN COMING AND GOING. NO ONE WAS
INJURED. THE CAUSE IS UNDER
INVESTIGATION.
>> INFLATION IS AT A
FOUR-DECADE HIGH AND THAT’S
CAUSING PROBLEMS FOR LOCAL
FAMILIES AND BUSINESSES. MANY
ARE PAYING MORE THAN EVER
BEFORE FOR GAS, GROCERIES AND
OTHER ESSENTIAL ITEMS. THE
NATION’S INFLATION RATE FOR
THE 12 MONTH PERIOD THAT ENDED
LAST MONTH ROSE 8.6%,
ACCORDING TO THE CONSUMER
PRICE INDEX. WITHIN THE LAST
FEW HOURS, PRESIDENT BIDEN
ADDRESS THE NATIONWIDE RISING
COSTS.
>> BUT MAKE NO MISTAKE ABOUT
IT. I UNDERSTAND INFLATION IS
A REAL CHALLENGE TO AMERICAN
FAMILIES. TODAY’S INFLATION
REPORT CONFIRM WHAT AMERICANS
ALREADY KNOW. PRICE I CAN CITY
IN AMERICA HEART MY
ADMINISTRATION CONTINUE
EVERYTHING WE CAN TO LOWER THE
PRICES AMERICAN PEOPLE. AND
THE CONGRESS HAS TO ACT AND
THEY HAVE LATE.
>> FLORIDA GOVERNOR RON
DESANTIS ALSO ADDRESSED
INFLATION TODAY WHILE IN
FLAGLER COUNTY FOR AN
UNRELATED BILL SIGNING PUTTING
THE INFLATION BLAME SQUARELY
ON ONE PERSON.
>> I DO THINK A SAD TO SEE
SOME OF THE ECONOMIC NUMBERS
WITH THE BIDEN FLAY SHUN
COMING OUT. 8.6%. THEY TRIED
TO SAY FIRST, THEY SAID IT
WASN’T GOING TO HAPPEN. THEN
IT WAS TRANSITORY. THEN IT
WOULD BASICALLY KIND OF SOLVE
ITSELF. THEY SAID IT WAS GOING
TO MODERATE 2 MONTHS AGO AND
NOW IT’S ACCELERATING. AND
UNFORTUNATELY, AS A RESULT OF
A LOT BAD POLICY CHOICES THAT
HAVE BEEN MADE OVER THE LAST
YEAR AND A HALF.
>> AMONG THE FACTORS FOR THE
MAJOR HIGH FILLING UP THE
TANK, THE NATIONAL AVERAGE FOR
A GALLON OF REGULAR GAS IS
NEARLY $4.99 ACCORDING TO
TRIPLE A IN FLORIDA. IT’S
$4.82. IN GEORGIA. IT’S 4.43
AS NEWS 4 JAX REPORTER AND
ANCHOR VIC MICOLUCCI SHOWS US
SOME PEOPLE ARE CHANGING THEIR
PRIORITIES JUST TO BALANCE
THEIR BUDGETS.
>> ALMOST 50
>> PAY. THE BROWNS ARE
NOTICING THEIR BILLS ARE MUCH
HIGHER NOWADAYS WITH FOOD AND
FUEL BEEN 80 COUPLE DAYS AGO
AND IT STILL DIDN’T GET FULL.
DOING FOR YOUR BUDGET.
>> WE’RE TRYING TO STAY WITHIN
BUDGET, BUT IT’S KIND OF HARD
SPECIAL. WE HAVE 2 SMALL KIDS.
SO. IT’S KIND OF YOU HAVE TO
BALANCE EVERYTHING OUT.
>> INFLATION JUST HIT A 40
YEAR HIGH. AND IT’S NOT JUST
GAS AND GROCERIES. INFLATION
MEANS YOU’RE LIKELY PAYING
MUCH MORE ALL ACROSS THE
BOARD. AT THE COOKBOOK
RESTAURANT IN OWNER BRANDON
BYERS IS FEELING THE COULD
DEFINITELY BE A CHALLENGE TO
STAY INTO A PANDEMIC AND NOW
IN PLACE AND WITH PRODUCE MEAT
CHICKEN IS THROUGH THE ROOF.
>> LAMB IS CRAZY. I TAKE THAT
OUT YESTERDAY. HE SAYS MANY
FOODS ARE DOUBLE IN PRICE AND
SOME OF THOSE HIKES MEAN MENU
ITEMS WILL COST A BIT MORE.
WE’VE ACTUALLY HAD TO
ADJUSTMENT. I MEAN, YOU AS
WELL TO TAKE SOME ITEMS OUT
THAT IT’S JUST TOO EXPENSIVE
TO SELL FOR EVERYDAY TYPE OF
MOM AND POP THANKFULLY, HE
SAYS LOYAL CUSTOMERS
UNDERSTAND AND CONTINUE TO
SUPPORT HIS SMALL BUSINESS.
CONSUMER PRICES SURGED. 8.6%
LAST MONTH FROM 12 MONTHS
EARLIER.
>> WITH RENT AND HOME PRICES
SPIKING FAMILIES LIVING
PAYCHECK TO PAYCHECK ARE MOST
AFFECTED.
>> ON NEWS, 4 JAX DOT COM. WE
ASKED YOU HOW YOU ARE
ADAPTING. ONE VIEWER WROTE US.
WE CUT OUR ACTIVITIES AND TRY
TO DO MORE THINGS AT HOME
INSTEAD OF GOING OUT.
UNFORTUNATELY, MY EMPLOYER
WENT FROM REMOTE TO A HYBRID
WORK SCHEDULE, WHICH INCREASED
MY FAMILY’S ALREADY TIGHT
BUDGET. ANOTHER ONE SAID
DRIVING SIGNIFICANTLY LESS
CUT. MOST STREAMING SERVICES,
NO VACATION THIS YEAR HAVEN’T
EATEN AT A RESTAURANT OR FAST
FOOD IN 2 MONTHS. WE WANT TO
HEAR FROM YOU. YOU CAN LEAVE
YOUR COMMENTS INSIDE THIS
STORY. IT’S ON OUR HOME
VIC MICOLUCCI CHANNEL 4, THE
LOCAL STATION.
>> TODAY’S INFLATION REPORT IS
ALSO ALREADY TAKING ITS TOLL
ON THE STOCK MARKET. THE DOW
PLUNGED TO CLOSING DOWN 880
POINTS FOR THE DAY OR 2.5%.
THE S AND P 500 SHED 2.7%. AND
THE NASDAQ DROPPED ABOUT 3%
AFTER INFLATION NUMBERS SENT
INVESTORS REELING WITH NEW
WORRIES THAT THE FEDERAL
RESERVE WILL HIKE INTEREST
RATES EVEN HIGHER. THE CENTRAL