Sabri Beneshour

Spoiler alert, it is still too high.

Prices were up 2.7% from the year before, but that was the same as it was in November.

Between November and December, prices went up three-tenths of a percent.

Let's get into it with Jeffrey Cleveland, chief economist at Payden & Regal.

Hi, Jeffrey.

Hi, Jeffrey.

Good morning.

So what are your first impressions of this number?

2.7% year over year, three tenths of a percent month to month.

What do you think?

Yeah.

Why are they mildly pleased about this?

What are some of the things that are getting more expensive faster than everything else?

And is there anything that actually got cheaper?

Jeffrey Cleveland, chief economist at Payden and Regal, thank you so much.

Have a wonderful week.

Fourth quarter earnings season gets underway this week.

This is where companies report back on how they did in the last quarter and what they see ahead.

Kicking it off are some major banks.

JPMorgan Chase reported its net income for the year was $57 billion, second best year ever.