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>> the president keeping his focus on republicans, addressing the national association of counties. >> my republican friends in congress have offered so far just so far now, legislation they would add another $3 trillion to our debt over the next 10 years. >> even as new data shows inflation rose last month with the consumer price index ticking up 6.4% year over year higher than expected. markets reacted and so did house speaker kevin mccarthy tweeting most expensive valentine's day ever, roses are up, violets are up, chocolate is up, dinner is up, flowers are up. eggs are up. >> this report s...

>> back with a fox news alert, january cpi report just out minutes ago. it shows inflation increasing by 0.5% from last month. according to the bureau of labor statistics, shelter costs accounted for the largest increase in prices. prices are now up 6.4% year-over-year. and branding information this morning following an emotional briefing on the deadly shooting at michigan state university. the suspect has been identified as 43-year-old anthony mcrae. authorities are still working to uncover a motive, but say he was not affiliated with the school. we are also learning the three students who di...

Cnn, the latest inflation numbers are out. they were still hot in january, though there are some signs of some categories of prices cooling down. >> cnn chief business correspondent christine romans joining us now. any surprises for you? >> well, look, you had inflation up 6.4% over the past year and so that's seven months in a row of slightly declining, moderating inflation i would say, but that month over month figure up 0.5% december to january is getting a lot of attention, half of that increase was because of shelter. that's something that's not easy to shield yourself from, shelter infla...

Department consumer prices report shows inflation year over year is slowing down. it came in at 6.4% in january, the seventh straight month that annual inflation has declined. but, and it's a big but, some of the individual price trends are eye popping. look there. the price of eggs up more than 70% from last year. butter, up more than 26%. a 17% increase in the price of lettuce. plus coffee jumps nearly 13%. our great reporters are back at the table. so if you're the president of the united states and preparing to launch a re-election campaign, it's a good sign that the overall trend is comin...

Is easing for the seventh straight month, but like everything with the economy, it is more than that, and christine romans is here to explain, and what does the report mean for the feds effort to calm down the inflation? >> i think it means that the fed's work is not done here, and you can expect them to raise the interest rates, and 6.4% is the annual inflation rate, and that is the improvement seven months in a row, and you saw it grow 7.5%, and shelt er is the reaso, because rent is record 8.4%. so if you have seen your rent increase, that is the reason there. and so the trend there, and th...