New data shows consumer prices are up 7.5% over the past year. That's the worst since 1982. The latest inflation numbers are pouring cold water on President Biden's recent wins on job and wage growth. It shows how the COVID economy remains his biggest obstacle, whether real or psychological.

Guests: Axios' Hans Nichols, Erica Pandey and Kendall Baker.

Credits: Axios Today is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Margaret Talev, Sara Kehaulani Goo, Julia Redpath, Alexandra Botti, Nuria Marquez Martinez, Alex Sugiura, Sabeena Singhani, and Lydia McMullen-Laird. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.