 Turning now to a look at inflation. Nick is at the NewsNation smart board with a closer look at how much more you're paying for breakfast Yeah, Ruta Bay when economists talk about inflation, they're counting in percentages But when everyday consumers are counting in inflation, they're counting every dollar And we wanted to take a look at just what the cost of breakfast has been in just the last year Let's start with eggs. Eggs. We've seen the price go from 162 four dozen eggs in 2021 to two dollars and fifty-two cents this year Notice that is a fifty cents jump from just last month in March No much better with milk three forty five a gallon in April 2021 it's now four dollars and one cents in April of 2022 and here's where we've seen the biggest jump Ruta Bay a pound of bacon six dollars twenty-two cents in April 2021 now seven dollars and forty-two cents. We're talking about a dollar twenty difference in just a year That's a lot of money Ruta Bay as simple as this. These are basic items. We're not talking about dining out doing anything fancy So even if you are a thrifty consumer, you can't avoid the cost of inflation So your choices are to either Increase your budget or dial back because no one knows how long this will last or how high prices will go All right Nick. Thank you. The White House is on the defensive as rising prices dominate headlines and conversations around breakfast tables So President Biden hit the road yesterday to see firsthand the stress that inflation is causing everyday Americans Alison Harris is live at the White House with more Allison. Good morning Good morning Ruta Bay. President Biden is signaling to voters. He knows that inflation is a huge problem He's trying to tame it saying I can feel your frustration the president traveling to Illinois yesterday Touring a family farm outside of Chicago talking with farmers there who are feeling the price pinch on fuel and on fertilizer American farmers are not only dealing with those higher prices Caused by the pandemic caused by stimulus money being pumped into the economy Supply chain problems and the war in Ukraine Farmers here in the U.S. Are also now being tasked with making up some of the food shortage that's caused by the Russian invasion This is dramatically impacting food food prices driving up the cost of groceries with the Labor Department Reporting that food prices are up more than nine percent over the past year Right now America's fighting on two fronts at home. It's inflation and rising prices abroad It's helping Ukrainian's offend their democracy and feeding those were left hungry around the world because Russian Obtrocities exist The president yesterday announcing some actions to help those farmers increase food production and also Ultimately lower prices for Americans the president saying inflation is his top priority here at home And you heard Nick talking about the price of eggs well in California an egg farmer there says these higher prices are keeping him up at night My feed is up over a hundred percent So I'm paying over double for what I was paying for a couple years ago But what keeps me up at night is the inflation for all my costs all my raising costs Now it's important to point out that inflation is way up as wages are also up We do have a hot labor market in this country with the U.S. economy adding eight million jobs since President Biden took office But it is just still not enough to outweigh the impact of these really high prices that Americans are paying Rudy Bay Allison, thank you and for more on this let's bring in Melissa Armos. She is the founder and owner of stock swoosh Good to see you. Thanks for being here. So we're talking about farmers. They've been particularly hit hard with inflation That may continue for a while in your view, right? Yes, I definitely think this could continue well into 2023 and that's a problem not just for farmers But it's a problem for consumers because again as reporter said even though wages have gone up the cost of things that you buy Has gone up past what wages have increased. Yeah, and let's talk about some of those things We're facing continuing sticker shock on so many things across the board use car prices at nearly 23% over the past year gasoline up nearly 44 percent Food over 9 percent housing up 5 percent explain what's driving this and is there a policy prescription in Washington? Unfortunately, there really has been no solutions from Washington or the Fed to help curb this inflation problem The Fed wants to raise rates. They think that's going to stop the problem In fact, I think that's going to make the problem worse because If rates go up things are going to cost more because businesses pay more So the thing is when you're out there and you're shopping remember back in 2020 Everyone was hoarding things because you couldn't get products Stop hoarding because if you don't need something don't buy it check what you have and make a list before you go shopping I myself have found that I've overpought in the last two years and there's really no need for that We will get through this. I'm sure but it could last for another 12 to 18 months Yeah, I think people have just been in that mindset for the past couple years now So what is your outlook on the trajectory of prices? When could we see some relief? I don't think there's going to be any relief until actually some of these things that are affecting The higher cost stop one of them is the war in Ukraine or Russia that has affected the prices You heard the farmers talk about that for feed and fertilizer The other problem is too, even though we have a low unemployment rate We actually have a lot of jobs available. There's not enough people working We really don't have production at its highest point because a lot of these jobs haven't been filled I think people need to get back to work too many people left the workforce in 2020 and 2021 And they haven't come back and we also had way too much stimulus people were getting stimulus checks And then they were choosing not to work We need to be a productive society because we need things and so as consumers we need want to go out We want the service you've seen if you've been a consumer going to the stores the service isn't there right now And that affects everything Okay, Melissa armo. Thank you. Uh, not the best news, but we're glad that you delivered it anyway Thank you. Thank you. All right. Well, we have breaking news on