Inflation is rising at its fastest rate in 40 years.

Inflation hit its highest levels since 1982.

Americans are paying an additional $276 per month.

Fuel, food and shelter the biggest drivers behind inflation's highest increase in four decades.

There is fresh evidence tonight of just how bad inflation has gotten in the U.S.

Consumer prices in January jump 7.5 percent from a year earlier.

Everything has really gone up and it's gone up substantially.

Food almost 10 percent. Look at gas. I mean, that's out of control.

But rent, 5 percent electricity, almost 12 percent.

The Consumer Price Index report showing a 7.9 percent rise over the last year.

Experts are saying expect to see that inflation number rise even more,

potentially surpassing eight.

We're finding it's much harder to reopen the economy than it was to shut down

and the costs have been staggered.

Inflation is not gentle. It's a sledgehammer and we're seeing that play out in the numbers.

The Biden administration acknowledging it may get even worse before it gets better.

Well, I mean, we've shown you the news. We're all seeing in the news, of course.

We've just talked to Shad on the ground level when it comes to food.

I want to take maybe a sort of bird's eye view with someone that perhaps understands

some of the political implications of what we're seeing here.

Of course, I'm talking about one of our favorite guests.

We've had her before. Catherine Austin Fitz, former Assistant Secretary of Housing

...