Inflation rates have been rising all over the world, surprising many economists. While the rich world is paying higher prices for durable goods such as cars, in emerging markets soaring food prices are a greater worry.
What is causing this unexpected bout of inflation, and will it last?
Video timeline: 00:00 – What’s happening with inflation? 00:53 – What is inflation? 01:42 – Inflation rates are rising 02:47 – How much is too much inflation? 03:13 – Inflation in the rich world 05:19 – Inflation in emerging markets 06:04 – How to curb inflation 07:27 – Why you shouldn’t worry Find The Economist’s briefing on inflation: https://econ.st/3ofFxtJ
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According to Rakuten Intelligence, the cost of a ride from a ride-sharing app like Uber or Lyft increased 92% between January of 2018 and July of 2021. Many riders have also noticed increased wait times for rides, and a recent driver shortage is likely to blame. In early July 2021, Uber and Lyft drivers were about 40% below capacity. The companies have taken notice of this driver shortage, and are investing millions worth of bonuses and base rates to convince drivers to return. But will it be enough to get drivers back on the roads?
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An economy in recovery means finding some rest and relaxation could make a bigger dent in your wallet Experts say price increases reflect an economy on the upswing from pandemic lows, but higher demand has made some vacation essentials harder to come by. We explain why, plus share some strategies to help avoid the sticker shock. Photo illustration: Jacob Reynolds/WSJ
