Rising inflation pushes prices up, forcing to spend less

Clip: 4/13/2022 | 3m 54sVideo has Closed Captions | CC

Gov. Murphy’s not keen to suspend the state gas tax, but might consider tax rebates

"How do you make money — with rising costs, and people being very careful how they spend, now?" asks Lou Smith, who owns the Blend on Main restaurant in Manasquan. From groceries to gas -- U.S. inflation averaged 8.5% for the year ending last March. Uncertain global oil supplies — rocked by the war in Ukraine — drove the steepest inflation spikes: more than 70% for fuel oil, 48% in gas prices.

Aired 04/13/2022

Problems with Closed Captions? Closed Captioning Feedback