Welcome to the Jill on Money Podcast.

It is Monday, June 14th, and today I want to talk about the price of everything.

The price of everything is going up.

I know you probably heard that last week, end of last week, we got a report about inflation

and inflation's running pretty darn hot.

A 5% from a year ago, it's the biggest annual increase in 2008.

And even when you take out energy, which was up 28.5%, you can take out food, which bounces

all over the place.

And the price of beef is really high right now.

Even if you take food and energy out, the core CPI surged 3.8%.

That is a 28 year high.

So if you are wondering what on earth is going on, I can tell you.

Because I was on the air with CBS this morning on Friday morning, and we talked about why

inflation is ticking up and whether or not these high prices are likely to persist.

So here's the segment from CBS this morning.

With COVID cases on the decline, more of us are getting back to normal life, but normal

life is getting more expensive.

The Labor Department's Consumer Price Index rose 5% in May, compared with one year earlier.

That's the largest 12 month jump in inflation since 2008.

CBS News Business Analyst, Joe Slesinger, joins us with more, Joe Good Morning to you.

What areas of the economy are seeing the biggest increases in prices?

Well, as you would expect, those that were hit hardest by the pandemic are bouncing back

...