You take the good, you take the bad …
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 12 April 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
You take them both and you get the March inflation report. The consumer price index rose 5% year over year. That’s a decent “headline” number, but dig deeper and the story gets a little more complicated. Later: military recruitment, grocery bills and long-term career prospects for workers who have struggled with depression.
Transcript
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| 0:00.0 | Hey, you know those days when the economic news is super clear one way or the other good or bad |
| 0:09.2 | This is not one of those days |
| 0:12.2 | From American public media this is Marketplace |
| 0:16.3 | In Los Angeles, I'm Kai Rizdole. It is Wednesday today the 12th of April and right there the clarity ends on the big economic news of this day |
| 0:35.7 | Today is in fact Wednesday |
| 0:37.5 | It is in fact the 12th of April and we did in fact get the March reading on the consumer price index this morning |
| 0:43.8 | Overall things will look in better year on your inflation 5% last month |
| 0:48.5 | But as we all know overall in this economy doesn't pay the bills or buy the groceries |
| 0:54.0 | And when you start looking closer some of the details from this morning are a little bit troubling |
| 0:59.6 | Marketplaces of reminiscure and Kristen Schwab help us sort the good from the bad |
| 1:04.9 | So today against my nature I will play the optimists and Kristen will play the pessimist |
| 1:10.5 | I call myself a realist, but okay experts will play themselves and they live somewhere between me and Kristen |
| 1:17.3 | I see clear positives with this report, but |
| 1:20.9 | This wasn't a slam dunk |
| 1:23.0 | It feels like Americans are going to be seeing some relief in general |
| 1:28.4 | In fact, I'm a bit more worried about the next couple of months after seeing what we saw today |
| 1:33.0 | That was Alan Deatmeister at UBS Naomi Bloom with Total Farm Marketing and Omar Sharif with inflation insights |
| 1:39.8 | So getting going with the positives groceries were cheaper in March prices fell from the month before by 3 tenths of a percent |
| 1:46.9 | Eggs actually down just over 10% |
| 1:49.8 | Fruit and vegetables and declined 1.3 percent |
| 1:53.5 | This is Naomi Bloom again with Total Farm Marketing |
| 1:55.8 | So all the pieces are coming together and ultimately definitely showing Americans |
... |
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