Stephen Colbert pokes fun at inflation prices with 'Waukesha's Ehhh' beer joke

MILWAUKEE (CBS 58) -- Stephen Colbert is once again targeting the Milwaukee-area in his jokes. 

He was talking about inflation rates during "The Late Show" Tuesday night, and said with rising food prices people are going to have to downgrade some of their foods and drinks. 

"Instead of Milwaukee's Best it'll have to be 'Waukesha's Ehhh,' which is -- let's face it -- not that much worse," Colbert said. 

Watch the segment below: