Why Inflation Doesn’t Affect Us All the Same

Why Inflation Doesn’t Affect Us All the Same

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Episode
1391 of 1999
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29M
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Engelsk
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Fresh data from the U.S. government on Wednesday showed that inflation was still climbing at a rapid pace, prompting President Biden to say that controlling the rising prices was his “top domestic priority.”

But not everybody experiences inflation equally. Why is that?

Guest: Ben Casselman, an economics and business reporter for The New York Times.

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Background reading:

• What’s your rate of inflation? You can answer seven questions to estimate your personal inflation rate here • . • Rising prices could hurt Democrats in the midterms, and Mr. Biden has sought to turn the debate over the economy • against his opponents.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

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