The debate over what's causing inflation

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 17 June 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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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. | Fill out our listener survey: npr.org/podcastsurvey

Transcript

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0:00.0	This is Planet Money from NPR.
0:06.2	For the past few months, there was a hope that maybe, just maybe, the high inflation we've
0:10.8	all been experiencing had peaked, that inflation would start to come down.
0:15.9	But that's not what happened.
0:17.8	The latest economic data for the Consumer Price Index or CPI shows that over the last year,
0:23.5	inflation grew by 8.6%.
0:26.6	And we have heard a lot of explanations for why the high inflation is happening.
0:31.9	Like I'm sure, well, and by now, we can both just rattle off a few off the top of our
0:35.1	head.
0:36.1	So why don't you go first?
0:37.1	Oh, oh boy, pop quiz.
0:38.6	I'm ready.
0:39.6	Okay.
0:40.6	Pandemic supply chain disruptions.
0:41.6	Low interest rates.
0:42.6	War in Ukraine.
0:43.6	Workers being sick.
0:44.6	Ah, yes.
0:45.6	Anything else?
0:46.6	What else on China?
0:47.6	Corporate greed.
0:48.6	Thank you for being game to do my pop quiz, well, and I appreciate it.
	...

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