Lost In Inflation
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 14 July 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
Consumer prices are up 9.1% over this time last year, according to new inflation data from the Bureau of Labor Statistics. That’s the highest inflation rate in 40 years.
President Biden landed in the Middle East on Wednesday and will be there until the end of the week. His administration is focused on building support among Israeli leadership for the Iran Nuclear Deal.
And in headlines: School surveillance video of the Uvalde school shooting was released, Sri Lanka’s freshly ousted president fled his own country, and Microsoft joined forces with Netflix as business partners.
Show Notes:
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Transcript
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| 0:00.0 | It's Thursday, July 14th. |
| 0:08.1 | I'm Erin Ryan. |
| 0:09.1 | And I'm Abdul Al Sayed and this is What A Day, where we didn't take advantage of Prime |
| 0:12.6 | Day deals even though there was a discount on a fully produced episode of a daily news |
| 0:16.6 | podcast. |
| 0:17.6 | Yes, we could have had Amazon do our jobs for us, but it would have been ethically wrong. |
| 0:21.6 | And being said, there's always next Prime Day. |
| 0:31.2 | On today's show, we explain how President Biden's trip to the Middle East, this week all |
| 0:34.8 | comes back to oil. |
| 0:36.2 | Plus, a New York County's new mascot for voting could be a technical or man-slash bug with |
| 0:41.2 | the potential to haunt your nightmares forever. |
| 0:43.3 | I cannot wait. |
| 0:44.3 | I want to talk about this and only this for the rest of the day. |
| 0:48.0 | But first, it's rough out there right now for the American consumer. |
| 0:51.8 | The Bureau of Labor Statistics released new inflation data on Wednesday that show that |
| 0:56.3 | consumer prices are up 9.1% over this time last year. |
| 1:00.7 | That's the highest inflation rate in 40 years. |
| 1:03.8 | Helping push that number up is an eye-popping 41.6% increase in the cost of gas. |
| 1:09.0 | We'll get deeper into that later. |
| 1:10.3 | Yeah. |
| 1:11.3 | I tried to buy a gallon of milk, which is the most stereotypical thing to buy, and the prices |
| 1:14.7 | were through the roof. |
... |
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