Labor Department Report Rekindles Inflation Fears
Mina Kim talks to New York Times economics reporter Ben Casselman about inflation, and how worried we should be about rising prices.
June 14, 2021
35 min
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690 of 3,393
June 14, 2021
Labor Department Report Rekindles Inflation Fears
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35:44This episodeLabor Department Report Rekindles Inflation Fears
Summary
The Consumer Price Index rose by five percent in May compared to the same period a year ago — the sharpest increase since 2008. The new Labor Department numbers come as consumers are experiencing sticker shock over products like lumber and used cars. We'll talk about whether the price increases are a temporary byproduct of pandemic-related shortages or a sign of an inflationary period to come.
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