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Consumer prices rising at fastest rate in nearly 13 years (Video)

If you're heading to the grocery store or buying some new appliances, you may notice a bigger hit to your wallet. According to the U.S. Labor Department, consumer prices last month rose at the fastest rate since August 2008. CBS MoneyWatch associate managing editor Irina Ivanova joined "CBSN AM" to break down why this is happening.

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Consumer prices rising at fastest rate in nearly 13 years (Video)

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Summary
Consumer prices rising at fastest rate in nearly 13 years (Video)
Title
Consumer prices rising at fastest rate in nearly 13 years (Video)
Description

If you're heading to the grocery store or buying some new appliances, you may notice a bigger hit to your wallet. According to the U.S. Labor Department, consumer prices last month rose at the fastest rate since August 2008. CBS MoneyWatch associate managing editor Irina Ivanova joined "CBSN AM" to break down why this is happening. CBSN is CBS News 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service. Subscribe to the CBS News YouTube channel: http://youtube.com/cbsnews Watch CBSN live: http://cbsn.ws/1PlLpZ7c Download the CBS News app: http://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram: https://www.instagram.com/cbsnews/ Like CBS News on Facebook: http://facebook.com/cbsnews Follow CBS News on Twitter: http://twitter.com/cbsnews Subscribe to our newsletters: http://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com

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