Why Inflation Doesn’t Affect Us All the Same
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.
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