Page 3 - 6 42 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

premiums all up. the cost of food consumed at home rose nearly 12%, food away from home, 7.4%. the gasoline index has increased 48.7%. the average national price of a gallon of gas this week, is at $5, highest in california at $6.42. trying to stem inflation, the fed said it will raise interest rates by three quarters of a percentage point, the biggest hike since 1994. new projections show interest rates may hit 3.4% by the end of the year, but because inflation is rising far faster than any of those rates, any money in savings is still being eroded. there's also a spade of layoffs a...

a gas station in l.a. paul, how are people reacting to these very high gas prices in california? >> reporter: they're reacting with shock and they're in agony. if you look behind me, this gas station is considered a discount at $6.09 a gallon. as you articulated, here in california the average now, $6.42. what drives all of this, california has an extremely high gas tax at 51 cents per gallon. these taxes used to improve roads and infrastructure and whatnot. for these vendors we're talking to today, they're absolutely getting jackhammered by these prices. a family rental business, pa...

we also learned the mob's chants of hang mike pence erupted after a rioter broadcast a trump tweet about pence's decision to certify the election results. the committee revealing trump's shocking reaction. >> and aware of the rioters chants to hang mike pence, the president responded with this sentiment, quote, maybe our supporters have the right idea. mike pence, quote, deserves it. >> i'm joined now by former democratic senator from minnesota and host of the al franken podcast, al franken. senator, thanks so much for being with us. we appreciate it as always. >> thank you, jim, for...

griff: anita, great to see you. let's kick things off with lucas tomlinson from the white house. >> the labor department issuing a brutal report saying inflation is getting worse not better. in los angeles president biden says it's not just putin that's responsible, but exxon as well for skyrocketing prices. >> they have 9,000 permits to drill, they're not drilling. why aren't they drilling? because they make more money not producing more oil. the price goes up, number one and number two the reason they're not drilling, they're buying back their own stock. exxon made more money than ...

why nasa is now joining the hunt for ufos >> announcer: this is "nbc nightly news" with lester holt good evening, everyone, from los angeles where president biden today offered an explanation for why consumer prices are still climbing may's numbers out today dashing hope inflation was starting to cool. instead it jumpe another percent growing to 8.6% year over year, leaving inflation sitting at 40-year highs affecting everything from home prices to food, clothing to gasoline put another way, american households are paying $460 more per month to buy the same amount of goods and serv...