Companies are hiking prices at a rapid pace. But once they go up, it may take a long time for them to come down.
Plus, the CEO of ON Semi.  He’ll explain his investment plans and how he’s navigating the slowdown in the sector.
And, gas prices fall below $4 a gallon but for how long?

The market rally gains steam, tech takes off and what a bottle of bourbon is telling us about inflation. 8/12/22

CNBC’s Kelly Evans and Brian Sullivan take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.