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Prices of necessities in the u.s. are still going up. another key inflation gauge just hit double digits. >> cnn's matt egan is here to explain. so, where we're seeing the steepest price hikes. >> not surprisingly, it's food and energy, gasoline in particular. new report out today shows that selling prices from producers jumped by 10% year over year in february. that's tied with january for the biggest 12-month gain since tracking began a dozen years ago. as you can see from that line chart, prices are going up very sharply. businesses are passing along at least a chunk of those higher costs t...

Like this. you look at the line chart of inflation, this is the worst in years and certainly the most meaningful price inflation we have seen in our recent memory. strip out food and energy, and this growth rate is 4.9% year over year and half a percentage point, half a percent for the month from october to november. and it has been energy driving much of this. you've seen that, we have talked about gas prices and those prices have been moderating in the past few weeks, which is why some economists are saying they think this might be the worst. you can see that you had some really sharp core r...

Direct correlation, why is inflation, well the government is spending money. that is not the reason for the inflation. the reason for the inflation is that we have a supply chain problem that is really severe and it is causing a significant increase in prices, in things that in fact are hard to get access to. because at the bottom, the bottom of it all, is covid. >> with us now are cnn business reporter matt egan and white house correspondent phil mattingly. matt, let's start with you and put these numbers into context for us. >> well, we were bracing for an ugly report. and that is exactly wh...

KOMU 8 will continue to update this story as information becomes available

4:22 p.m.: Boone County reports 10 new cases The Columbia/Boone County Department of Public Health & Human Services reported 10 new COVID-19 cases in the past 24 hours, bringing the total number of active cases to 66. According to the Missouri vaccine dashboard, an estimated 45.2% of Boone County's 180,463 residents have received at least one vaccine dose.  149,107 total doses administered of a vaccine 81,545 COVID-19 vaccine regimen activated 69,380 COVID-19 vaccine regimen completed 8,414 doses have been administered in the past 7 days The county also reported 18 hospitalizations, 2 o...