Inflation rose 6.2% in a year. That hasn’t happened since the ’90s.
Marketplace Morning Report
English - November 10, 2021 15:44 - 10 minutes - 11.8 MB - ★★★★★ - 748 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The last time inflation showed a spike like this, “Dances With Wolves” and “Home Alone” were dominating the box office during the first Bush administration. Susan Schmidt of Aviva Investors uses this data to kick off our discussion about the markets. We hear some more insight on inflation from U.S. Treasury Secretary Janet Yellen, who talked with Marketplace’s Kai Ryssdal earlier in the week. Sticking with the theme of rising prices, we look into how people are swapping out what they buy in the grocery store as a result. There’s also been a rise in foreclosures, and it doesn’t seem like it’ll slow down.