CBS News business analyst Jill Schlesinger discusses inflation and the housing market

Rising inflation is one of the major economic stories of the moment, as the economy recovers from business shutdowns and job losses over the past year. Prices dropped during the height of the coronavirus pandemic as a result of the drop in demand. Now, there's demand — but with more limited supply.

"The comparison to a year ago is going to show that prices are up dramatically," said Jill Schlesinger, CBS News business analyst and host of the podcasts "Jill on Money" and "Eye on Money." Schlesinger spoke with CBS News chief Washington correspondent Major Garrett for this week's episode of "The Takeout" podcast.