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The NPR Politics Podcast

Prices Are Rising. Who's To Blame?

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.524.9K Ratings

🗓️ 5 August 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

People agree: prices are up on everything from gasoline to used cars. But both experts and voters disagree on the cause and whether inflation is here to stay. That uncertainty makes the economy a potent messaging tool ahead of the 2022 race for control of Congress.

This episode: White House correspondent Scott Detrow and White House correspondent Asma Khalid.

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Transcript

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0:00.0

This is Scott from St. Simon's Island, Georgia. I'm in the office this week after a

0:05.2

great vacation to the coast of Maine with my wife of 38 years. We were supposed

0:10.8

to go there in 2020 but had to reschedule because of the pandemic. This

0:15.2

podcast was recorded at. It is one 47 Eastern on Thursday August 5th. Things may

0:22.2

have changed by the time you hear this but I'll still be thinking about the

0:25.4

beautiful scenery, the tasty lobsters and the wonderful memories I made

0:29.6

last week with my BFF. Okay, here's the show.

0:36.4

Asma, this strikes a chord because I am about 48 hours from going on a vacation

0:41.8

that was canceled last year and I've been thinking a lot of the same thoughts.

0:45.7

So good for him. Hey there, it's the NPR Politics podcast. I'm Scott

0:52.3

Detro. I cover the White House and I must my colleague. I also cover the White House.

0:56.2

And actually that's like a really good way to get into today's episode

1:00.3

because this is all about the economy springing back to life after the

1:05.4

worst of the pandemic, the you know the economic worst of the pandemic that is

1:09.1

and just like the recession that began at the beginning of the pandemic was

1:14.8

pretty strange. The recovery has been pretty strange too and you know and one

1:19.9

big part of that is a big rise in prices. Everything from groceries to use

1:25.7

cars prices are going up. It is the highest rate of inflation in a decade and

1:30.4

President Biden addressed this a couple of weeks ago. We've seen some price

1:33.9

increases. Some folks have raised worries that this could be a sign of

1:38.2

persistent inflation but that's not our view. But but Asma, you first of all you

1:44.1

went back out into the real world and did what you do best and that is talk to

...

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