Wednesday’s release of the Consumer Price Index confirmed that inflation is up, with prices jumping 6.2% in the last year. It’s the largest increase the U.S. has experienced in three decades, and it’s certain to impact not just how consumers are spending but also how they vote. 

Axios Re:Cap host Felix Salmon digs into what these numbers could mean and how they might sway consumers and voters with Axios political reporter Hans Nichols.