How bad is inflation? It depends.
Make Me Smart
Marketplace
4.6 • 5.4K Ratings
🗓️ 1 July 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
Depending on which inflation numbers you look at, you either believe inflation is bad or really, really bad. So which is it? We’ll discuss the difference between the consumer price index and the personal consumption expenditures index, and why it matters. Plus, the Supreme Court delivers a major blow to environmental regulation. And, we get even smarter about the Mason jar-NASA connection.
Here’s everything we talked about today:
- “Is inflation 8.6% or 6.5%? Yes” from Axios
- “What do different measures of inflation tell us?” from Marketplace
- “Supreme Court handcuffs Biden’s climate efforts” from Politico
- “James Mattis just got married in the most Marine way possible” from Task and Purpose
- “Ball Aerospace: A company known for mason jars helped with NASA’s Orion capsule.” from Slate
Join us tomorrow for Economics on Tap. We’ll be on the YouTube livestream starting at 6:30 p.m. Eastern time/3:30 p.m. Pacific time. We’ll have more news, drinks and a game!
Your donation powers the journalism you rely on. Give today to support “Make Me Smart.“
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Okay, oh fine freaking wait a kill all that join this podcast |
| 0:05.4 | Trolton Thorpe |
| 0:06.4 | Thanks for you know |
| 0:08.4 | See in so collegial |
| 0:11.0 | grief |
| 0:12.5 | By the clock died by the clock that's my name |
| 0:18.8 | Everybody have car Rizad I welcome back to make me smart where we make the day make sense |
| 0:24.2 | And I am Kimberly Adams. Thank you for joining us. It's Thursday |
| 0:28.0 | We're gonna talk about some news stories and share some make me smiles and then let you go off and do your thing |
| 0:35.1 | So with that let's get to the news mr. Rizad |
| 0:40.2 | I will go first. I guess just because I'm the first in the rundown and and I try real hard not to duplicate content between |
| 0:46.8 | Mark place radio program and make me smart the podcast, but I think today |
| 0:50.4 | It's kind of germane so breed to the stores story for us on the air today and and unbeknownst to me actually |
| 0:56.9 | Neil Irwin and Axios wrote it up last night and that is the difference in what the Fed looks at to judge inflation and |
| 1:06.5 | what |
| 1:08.5 | People look at to judge inflation right the Federal Reserve as well marketplace listeners will know like something called |
| 1:15.8 | PC personal consumption expenditure, okay |
| 1:19.7 | Consumers most of the time look at something called the consumer price index CPI |
| 1:23.7 | The consumer price index for the most recent reading was 8.6% increase year on year in prices at the consumer level the Federal Reserve |
| 1:33.9 | For PCE which came out this morning |
| 1:37.0 | Is and sorry, I got to go with this because Charlton caught me on a wears if you can believe that PCE this morning came came in at |
| 1:46.8 | Where are we hang on hang on hang on hang on hang on hang on stand by |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.