Live Breaking News & Updates on Consumer Demand Soaring

Hope that we could sell it to the consumer we have the inventory and the consumers are buying them. reporter: food prices are also increasing, like milk up nearly 6% along with fruits and vegetables, up 3%. meanwhile, restaurants are charging more to cover higher wages and at the gas pump drivers are paying 45% more experts describe it as a perfect storm. businesses reopening across the country, supply chain problems creating shortages, and consumer demand soaring. it is coming off of last year, afterwards actually prices for a lot of goods fell. airline prices fell. hotel prices fell. now they re coming back with a lot of demand. reporter: the biden administration telling americans this is short term, brought on by the pandemic and the economic recovery. what can we do to protect ourselves? well, you can shop around, that s one thing you can do you can make choices to go with substitutes or things that aren t up quite as much so, stephanie, best guess, how long will prices k ....

Food Prices , Gas Pump Drivers , Supply Chain Problems , Consumer Demand Soaring , Unprotected Americans , Airline Prices , Hotel Prices , Lester Holt , Aren T , Stephanie Ruhle ,