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12.6%. used cars up 16.1%. food, 10.1%. and gas up 48.7%. but gas prices, not necessarily, deterring potential buyers at this southern california car dealership. >> supply is low, demand high. >> reporter: this paired with high interest rates making it difficult for buyers. >> we don't see prices decreasing much and even if they do, keep in mind interest rates arizing so the cost of borrowing money is going up, that means you're still going to be paying as much or nearly as much as you were even if those prices go down. >> reporter: car, home and student loans all higher. interest rate osa 30-...

Food, 10.1%. and gas up 48.7%. but gas prices, not necessarily deterring potential buyers at this southern california car dealership. >> demand is high. supply is still low, and we're still in shortage era. >> this paired with the high interest rates making it difficult for buyers. >> we don't see prices decreasing much, and even if they do, just keep in mind the interest rates are rising so the cost of borrowing money is going up, so that just means you're still going to be paying as much or nearly as much as you were even if those prices go down. >> car, home and student loans all higher. in...

The numbers, down 642 points and fears over just how the federal reserve might respond. if you add to that gas prices that keep hitting new records, first time ever, a national average over $5 a gallon. at the grocery store the cost of food is up more than 10% this time last year, housing 5 1/2%, airfares, 37% and percentage-wise, gas is up a whopping 48.7%. joining me is kaleb silver. let's talk about those numbers, shall we? obviously they're hitting low-income americans very hard. they want to know what's the solution and how fast could it come m. >> i wish i could tell you. but it we have ...

When inflation was last this high. so they're looking to likely increase rates another 50 basis points when they meet next week. so last meeting we saw a 50 basis point hike which is the first that we've seen in 21 years. so they are move pretty quickly here. but of course the trick is to reduce that demand but not so much that it actually contracted and you see the economy slip into a recession. you see businesses no longer want to hire and job growth decrease and that impacts income and therefore spending a little bit too much. and so it is going to be a tough job ahead for the federal reser...

To 8.5. this is coming in hotter than a lot of people were expecting as the top, a sign perhaps of a slight not getting worse, you know, in terms of core month over month. you look at some of the categories that consumers most experience, food, those prices going up 10%, inflation 10% year over year. the cost of shelter, 5% year over year. this is why some economists are worried about those who don't have wiggle room, food prices going up, energy. >> gasoline number. >> exactly. 48.7% compared to a year ago. i spoke to diane swanka yesterday about what she is seeing in terms of the consumer an...