Why is everything so expensive right now?

Recode Daily

Recode

Society & Culture, Science, Technology

4.6 • 1.3K Ratings

🗓️ 15 July 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lots of consumer products and services have gotten more expensive over the last year, when the pandemic threw prices out of whack. Some have worried this could signal a coming period of stagnation, or even an economic collapse. But economists say these unstable costs are likely just the economy working itself out. Vox’s Emily Stewart (@EmilyStewartM) and Rani Molla explain. References: Read Emily’s story here. Enjoyed this episode? Rate Recode Daily ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. What do you want to learn about on Recode Daily? Send your requests and questions to recodedaily@recode.net. We read every email! Subscribe for free. Be the first to hear the next episode of Recode Daily by subscribing in your favorite podcast app. Learn more about your ad choices. Visit megaphone.fm/adchoices This episode was made by: Host: Rani Molla (@ranimolla) Producer: Alan Rodriguez Espinoza (@ardzes) Engineer: Paul Mounsey Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	The best stories are the ones that are constantly reinvented.
0:06.3	Like new Renault Clio E-Tec 4 Hybrid, a 145 horsepower engine, with up to 550 mile driving
0:13.2	range.
0:14.2	Enjoy its new assertive design and its free Alpine trim, new Renault Clio E-Tec 4 Hybrid.
0:20.5	Same love, new energy.
0:22.8	Internal source based on new Clio E-Tec is free Alpine versus WRTP if your consumption figures
0:28.3	real well driving results may vary.
0:38.9	Plane tickets, lumber, chicken wings, they've all gotten more expensive, and it's not just
0:43.4	that.
0:44.4	Prices are going up for a lot of different goods and services.
0:47.4	Some people have raised alarms that this could be an incoming sign of stagflation,
0:51.2	high inflation, slow economic growth, and high unemployment, but many economists say it's
0:55.4	nothing to worry about.
0:56.8	The economy adjusting as some of the bottlenecks and imbalances of the pandemic work themselves out.
1:05.9	Tell me, discuss what's going on.
1:07.5	I'm joined with Vox reporter Emily Stewart.
1:09.7	Emily?
1:10.7	Hi, Ronnie.
1:11.7	Hi, Emily.
1:12.7	So, Emily, can you describe what's happening in the economy right now?
1:16.1	Should I be worried?
1:17.1	Well, you know, the economy is running a little bit hot after the pandemic, you know, you
	...

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