Andrei Jikh, relaying another source: Inflation — around 4%

The window it was checked over

Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

nutrients and without that fertilizer we would grow a lot less crops and now there's a shortage of it specifically the chemical used to make it like an idris ammonia which as you can see right here has skyrocketed in price and reached an all-time high to make matters worse the russian ministry of defense has stopped allowing all exports of fertilizer and that's bad because less fertilizer means less crops less crops means the price of them goes up and it turns out russia is the number one exporter of fertilizer in the world so the u.s department of agriculture is predicting that food at home is going to end up costing us four percent more by the end of this year and reason number three why food is becoming more expensive is because india is going through a massive heat wave right now and that's having a devastating effect on wheat in fact this year right now they recorded their highest march month in the last 100 years and that is estimated to lower their wheat output by six to ten percent this year and reason number four why food is becoming more expensive is that in order to keep food costs down the countries that are exporting their food are placing restrictions on themselves so they

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.