Night of the living inflation

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 29 October 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

We look at a hidden form of inflation affecting our economy — we're calling it "skimpflation." The Indicator tells a spooky tale about the inflation demon. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0	This is Planet Money from NPR.
0:06.0	We are hearing a lot about inflation these days.
0:09.5	You know the story?
0:11.2	Prices are going up on goods and services from gas to cars to houses to lumber, etc.
0:19.0	But Greg Rosalski of the Planet Money newsletter is here to tell you that you think you know
0:23.6	what inflation looks like, but there's also a lot of hidden inflation going on.
0:28.6	Hi Greg.
0:29.6	Sorry.
0:30.6	So what is going on?
0:33.0	Skimp Flation.
0:34.0	Skimp Flation?
0:35.0	Yes, skimp Flation.
0:37.0	Is this a real thing?
0:38.0	I feel like I've never heard of it before.
0:39.8	I mean we kind of made it up.
0:41.3	I mean it's like a real thing happening in the economy, but the word is made up.
0:44.8	So what is this new word that we're agreeing to use?
0:47.1	What does it mean?
0:48.1	Well even if you haven't really heard this term before, you've probably seen it in action
0:52.3	in recent months.
0:53.7	It seems like it's happening everywhere.
0:55.4	It's a situation where we're paying the same or more for services, but the kind of
	...

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