The push and pull of inflation

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 13 September 2022

⏱️ 10 minutes

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Summary

Argentines party hard in the bustling bars of Buenos Aires, despite the stubborn cloud of inflation. Across the pond, German companies switch gears in response to high gas prices, as Russia shuts off its supply. Today on the show, the push and pull of inflation.

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Transcript

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0:00.0	NPR.
0:12.0	Last year, the metaphorical horse of inflation bolted from the stable.
0:16.9	In the US, inflation is running stubbornly high now.
0:19.9	We've got prices rising 8.3% over the last year, according to the latest consumer price
0:25.4	index.
0:26.4	There's CPI numbers out today.
0:28.4	And the honest truth is, nobody really knows exactly why inflation served so much over
0:34.7	the last year.
0:36.0	Like how much was due to government spending?
0:38.6	How much was due to supply chain disruptions or the pandemic and the war in Ukraine?
0:43.0	It is totally not clear.
0:45.1	So we're at the indicator thought we would visit two countries where inflation is high
0:48.7	for two very different reasons.
0:51.6	In one entrenched government spending has led to an inflation-fearing mindset that is
0:56.8	lasted across generations.
0:59.1	And another inflation is driven by one clear cause, the shut off of natural gas from Russia.
1:05.3	Maybe you guessed it, we're going to Argentina and Germany.
1:10.0	This is the indicator from land of money.
1:11.5	I'm Daryl Boehm.
1:12.5	And I'm Whalen Wong.
1:13.5	Today on the show, what we can learn about inflation from the bustling bars of Buenos
1:17.8	Aires and the shock gas shut off in Germany.
	...

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