Planet Money: What's Causing Inflation?

The NPR Politics Podcast

NPR

News, Politics, Daily News

4.4 • 25.7K Ratings

🗓️ 4 July 2022

⏱️ 19 minutes

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Summary

The last few months have made us acutely aware of inflation. We all agree that it's making our lives harder, but economists disagree about what's causing it.

A special episode from our friends at Planet Money: https://www.npr.org/podcasts/510289/planet-money

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Transcript

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0:00.0	Hey there, it's the NPR Politics Podcast.
0:06.3	I'm Scott Detro.
0:07.3	I cover the White House.
0:09.0	Happy Independence Day.
0:10.6	If you were buying food for a barbecue, you might have been thinking about this question
0:14.4	more than usual.
0:15.9	What exactly is causing inflation right now?
0:19.2	Luckily our friends at the indicator, NPR's daily economics podcast, have the same question
0:24.4	and they decided to look into it.
0:26.5	So today, we're going to bring you their reporting.
0:29.0	Here is Darian Woods and Waylon Wong.
0:32.2	For the past few months, there was a hope that maybe, just maybe, the high inflation we've
0:36.9	all been experiencing had peaked.
0:39.4	That inflation would start to come down.
0:42.0	But that's not what happened.
0:43.9	The latest economic data for the Consumer Price Index or CPI shows that over the last year,
0:49.3	inflation grew by 8.6%.
0:52.7	And we have heard a lot of explanations for why the high inflation is happening.
0:58.0	I'm sure Waylon by now, we can both just rattle off a few off the top of our heads.
1:01.6	So why don't you go first?
1:03.1	Oh boy, Pop Quiz.
1:04.6	I'm ready.
	...

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