"Truth is what statistics are all about"
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 12 September 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
"When you face bad economic numbers, you've got two choices: fix the economy or attack the numbers," says University of Michigan economist Justin Wolfers. Today, we'll discuss what to make of how the Bureau of Labor Statistics collects data on jobs and inflation, as well as the doubts cast on BLS under the second Trump administration. But first, grocery prices jumped in August. Thing is, tariffs aren't to blame.
Transcript
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| 0:25.0 | With our smoothies, bowls, crabs, and deets, featuring up to 32 grams of protein. |
| 0:31.1 | When it comes to grocery prices, what goes up hardly ever goes down. |
| 0:36.6 | I'm David Brancaccio in Los Angeles. First, let's acknowledge that we all carry our own personal consumer price index with us at all times. We experience the prices we ourselves pay. But we can also learn from diving into the nationwide numbers. The fresh consumer price index came out yesterday. It was up more than expected one slice. |
| 0:55.3 | The price of food to use at home was up six-tenths of one percent from just July to August. |
| 1:01.8 | Marketplace's Carla Javier reports. |
| 1:03.9 | If you're wondering if tariffs are to blame, they're not the main driver of higher grocery prices. |
| 1:09.3 | That's according to Bobby Gibbs, who's a retail consultant |
| 1:11.7 | at Oliver Wyman. He says other input costs are the culprits. |
| 1:16.2 | Including weather and other production impacts. Some of that comes from labor shortages and |
| 1:20.7 | labor availability, which is a potentially kind of ongoing cost impact to them. |
| 1:25.7 | Gibbs says small profit margins for grocery stores |
| 1:28.6 | mean they can't absorb higher costs. |
| 1:31.3 | And that leaves consumers in a tough spot, |
| 1:34.0 | says Charlotte Ambrosek in the Department |
... |
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