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alone. and they re expected to rise even further as we reach peak summer travel season. the high prices also driving inflation to the highest level since 1981. the consumer price index jumping 8.6% in may compared to the same time, same month last year. now the white house calling that staggering increase uncomfortably high. cnn s christine romans has more now on these troubling new numbers and how wall street is reacting. american consumers are still feeling the pain of higher prices for just about everything, but especially at the pump. look, the may consumer price index, that number up 8.6% from the year before. the fastest since 1981. and when you look at just the month, prices rose 1% from april to may, 1%, that s a big move in one month. core cpi, which they strip out food and energy which can be more volatile, that rose 6% from last year. prices across the board more expensive than last year. largely driven by shelter, the biggest yearly gain there since 1991. ....
investigation in uvalde. then breaking this morning, nearly 400,000 jobs were added in the month of may. labor secretary marty walsh will join us with more on the new jobs report. and today marking 100 days since the start of russia s brutal invasion of ukraine. we re going to bring you the very latest on ukraine s fight for freedom. hey, everybody, good to see you on this friday morning. we re going to begin this hour with this renewed message from the white house on gun violence enough is enough. in a rare primetime address from the east room, the president laid out specific policy proposals he says will, in fact, address this crisis head on. he s calling on congress to reinstate the 1994 assault weapons ban. and if not, raise the purchase age from 18 to 21. he s also proposing congress ban high-capacity magazines, extend background checks, enact red flag laws, repeal gun manufacturers immunity from liability, and address the mental health crisis. he called o ....
Harder than ever to stretch their dollars, that s having an impact everywhere. joining us now is cnn retail reporter nathaniel meyerson. so i mean, we all see it, right, every time we go to the grocery store, milk is more expensive, meat is more expensive. why is inflation on groceries so high right now? right. so we re seeing manufacturers and grocery stores, the costs are going up, for transportation, labor, fuel, commodities, the raw materials that are needed to make these goods and food. and the companies are passing off these higher costs onto the consumers in the form of higher prices on the shelves. so i guess you have to adjust to these times, right? so what are people doing? are they changing their shopping behavior because of these rising prices? right. so the major grocery stores and big box retailers in the united ....
For that brand. they don t want to take that risk because they think it s a mistake, a financial mistake. guess what, dick s sports goods didn t think that way. and they made it, and they made a difference. at some point all these ceos will be on our side. i can promise you that. once they discover that there s a whole nation waiting for that moment. you know, manuel, moments ago president biden tweeted this congress needs to ban assault weapons and high-capacity magazines, strengthen background checks, enact safe storage laws and red flag laws, repeal gun manufacturers immunity from liability. what do you think of this list? do you agree? is that enough? i agree, but let me tell you something we re talking about the president of the united states. i can tweet something, i don t have the power to call members of congress and senate, lock them inside a room, pull up my sleeves and talk about this ....
Background checks, enact red flag laws, repeal gun manufacturers immunity from liability, and address the mental health crisis. he called out senate republicans specifically. i support the bipartisan efforts that include small group of democrats and republican senators trying to find a way. but my god, the fact of the majority of the senate republicans don t want any of these proposals even to be debated or come up for a vote, i find unconscionable. we can t fail the american people again. so this happening while we re learning new details about the mass shootings in tulsa, oklahoma, and uvalde, texas. authorities in tulsa saying the gunman who killed four people before taking his own life was a former patient of dr. preston phillips who was among some of the victims. officials saying the suspect underwent back surgery and blamed dr. phillips for the pain ....