MSNBC Stephanie Ruhle Reports June 4, 2024 13:30:00
Because last july we were home doing nothing, prices tanked. now they're obviously going up from there, but beyond the base effect, numbers are up a lot. most we have seen in 13 years. >> the base effects are one piece of it that you had big declines of when we were shuttering in during the pandemic, now that we're coming back out, you have a huge surge in demand. frankly, businesses weren't ready for surge in demand. workers weren't in place, supply chains weren't in place. i look at three things. one is huge demand from reopening going on, the other is supply bottlenecks, chip shortages made...