Climate change could heat up long-term inflation
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 14 November 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Climate change may have us spending more on food, health care, home repairs and more, according to the Fifth National Climate Assessment, published by the federal government. The fact is, climate change is already impacting many aspects of our daily lives. In this episode, we’ll talk about how it’ll also impact our wallets. Plus, ESPN launches its sports betting platform, travel should be a little cheaper this holiday season and a leading U.S. port gets updated infrastructure.
Transcript
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| 0:00.0 | This marketplace podcast is supported by Principal Financial Group. |
| 0:05.0 | Let's face the facts. |
| 0:06.5 | Everyone wants to feel valued, especially your employees. |
| 0:10.1 | In fact, a 2023 study found 78% of business owners say benefits and retirement plans |
| 0:16.5 | improve employee retention. |
| 0:19.5 | Employees want to feel secure in their jobs and their finances. At Principal, they help you invest in |
| 0:25.1 | your people because investing in your people is investing in your business. |
| 0:29.7 | Learn more at Principal.com slash benefits. |
| 0:34.0 | Products and services offered by member companies |
| 0:36.0 | of the Principal Financial Group, Des Moines, Iowa. |
| 0:39.0 | For important information, |
| 0:40.0 | visit Principal.com slash disclosures. Well, Wall Street seemed to like that inflation report. |
| 0:47.8 | How about you? |
| 0:49.2 | From American public media, This is Marketplace. |
| 0:53.0 | In Baltimore, I'm Amy Scott and for Kyi Risdahl. |
| 1:00.0 | It's Tuesday, November 14th. |
| 1:05.4 | Good to have you with us. The inflation news was pretty good today, or should I say |
| 1:10.3 | dis-inflation news. price increases slowed in October. The consumer price |
| 1:15.9 | index was up 3.2% year over year compared to 3.7% in September, and core inflation minus volatile energy and food prices also |
| 1:27.8 | slowed. That means not just some relief at the checkout, but also that the Fed may be done raising interest rates in its efforts to cool inflation. |
| 1:37.0 | And while overall prices are still rising, just more slowly than before. Some are actually falling. |
| 1:44.0 | Airfares, for instance, which are about 13% lower |
... |
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