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Demagogued from the leader of the country, barack obama. >> it took us a long time to get into. this administration can't only points fingers back at what happened in the bush administration, but we can't completely ignore the change isn't going to happen overnight. you have to look at those 1.80s million jobs added in the last 13 months. it is slow, but it's happening. as we get closer to 2012 -- >> it does not feel very good. >> he wants republicans to say let's focus on jobs. it can't just be about the debt. we have to invest. that's where the joivets future are going too come from. >> he's...

Cotton is now at a 15-year high. a year ago, raw cotton cost 55 cents a pound. today it's $1.80, three times the price. >> everything's going up right now. so, we're pretty much limited in our -- what we can afford. >> reporter: retail analysts say even though worldwide supplies are down for all sorts of commodities, demand is high, because there are so many consumers in china. that means prices are not likely to drop any time soon. >> as the new spring receipts hit the stores, look for retailors to try to raise prices as much as so%. >> reporter: retailers have known for months they would lik...

Coffee are soon going to be more expensive. >> shoppers can blame events happening thousands of miles away. karen travers is in washington with more. good morning, karen. >> reporter: good morning, rob and vinita. it might feel like your wallet is a little lighter as clothing and food prices skyrocket. the next time you head to the mall or grocery store, be prepared for some sticker shock. the cost of a $12 t-shirt could go up at least 2 bucks this year. the price of hanes underwear could rise as much as 30%. a pair of levi's 501s are expected to jump by as much as $4. what accounts for the pr...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.