Prices for goods, from furniture to meat, have been steadily rising for months. It’s the most obvious symptom of inflation, which is when money buys less than it used to. But there’s no need to panic: This is far from the first time inflation has come for consumers’ purchasing power. The question is, how do you make it stop?
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Featuring
Kira Bindrim is the host of the Quartz Obsession podcast. She is an executive editor who works on global newsroom coverage and email products. She is obsessed with reading and reality TV.
Heather Landy is an executive editor at Quartz. She is obsessed with ‘80s music, the changing workplace, and the evolving financial system.
Show notes
Consumer price index (CPI), one way to measure inflation in the US based on how important certain items are to consumers
Personal consumption expenditures (PCE), another way to mention inflation in the US. This is the number the Fed is trying to keep to 2%.
Zimbabwe and Venezuela use the US dollar to combat hyperinflation
The Fed bought bonds to keep things afloat during covid, and is now selling them off to cool the economy
This episode uses the following sounds from freesound.org:
Retail Scanner (1) by Beetlemuse
Till Open and Close by muse384
dinglebells by evanjones4
Read the full transcript here.
