Inflation nation

Today, Explained

Vox

Politics, Daily News, News

4.3 • 10.3K Ratings

🗓️ 15 November 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Consumer prices are rising at their fastest rate in 30 years. Vox’s Emily Stewart explains why this is bad news for for drivers, shoppers, and President Biden. Today’s show was produced by Miles Bryan and Will Reid, edited by Matt Collette, engineered by Paul Mounsey, fact-checked by Laura Bullard and hosted by Sean Rameswaram. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:24.5	Oh bugging!
0:25.5	Comparachannel4.com-sash-barified.
0:36.2	Emily Stewart, Vox, you and I have talked about inflation on this program before, but it's
0:41.3	confusing and it's pretty important right now.
0:44.6	So just in case anyone out there is too embarrassed to admit that they don't fully understand
0:48.8	what exactly inflation is, let's just start by doing a quick definition.
0:52.4	What exactly is inflation again?
0:55.0	So inflation is just a general rise in prices.
0:57.5	So basically your dollar doesn't go as far as it used to, the basket of stuff you would
1:01.7	buy at the grocery store every week, it starts to cost more money.
1:05.7	I think it's important to realize prices rise slowly over time, right?
1:10.1	Like a cup of coffee today, cost more than a cup of coffee in the 60s, right?
1:14.9	And you don't think that's weird because most people just don't notice low inflation
	...

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