Everything is more expensive. Overall consumer prices are about 13% higher than they were in April 2021 and Americans are feeling the pain. Inflation, or the rate prices are increasing in the general economy, has been a persistent problem the past two years. The Federal Reserve had hoped inflation would normalize as the pandemic’s volatility subsided, but prices have stubbornly stayed well above its 2% goal. Watch the video above to learn why inflation sticks around and what we can do about it.
Chapters:
00:00 — Introduction
01:25 — Why inflation sticks around
05:22 — Fighting inflation
08:31 — Success?
Produced and Shot by: Charlotte Morabito
Edited by: Nora Rapapport
Additional Reporting by: Jeff Cox, Gabriel Cortes, Emily Lorsch
Additional Camera: Nathaniel Lee
Animation: Alex Wood, Christina Locopo
Supervising Producer: Lindsey Jacobson
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Why Inflation Is So Hard To Get Rid Of
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