(Almost) Everything you need to know about inflation Part 1

Inflation. Whether you know much about it or not, it hits us all in the pocketbook. It's at its highest rate since 1982. But what is driving this 40 year high? Surging costs for food, gas and housing have caused consumer inflation to rise 7.9 percent over the past year. USA Today's James Brown and University of Texas at Austin Macroeconomist Julia Coronado discuss how inflation works, how money is printed, rising prices, the car market, income inequality, wages, and what the media gets wrong about inflation in part one of this two part series.

To follow James Brown on Twitter click here.

To follow Julia Coronado on Twitter click here.

Episode Transcript available here

Also available at art19.com/shows/5-Things

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.