The flood waters in Germany and Belgium have started receding with more than 180 people dead. It’s the worst flooding the region has seen in decades and comes on top of a worsening COVID outbreak throughout Europe.
Plus,why car prices are driving inflation.
And, retailers turn to facial recognition technology.
Guests: Axios’ Dave Lawler, Kim Hart and Felix Salmon.
Recently, the U.S. inflation rate reached a 13-year high, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next. Photo: Alexander Hotz
Rising costs for everyday foods like bacon and fruit have raised concerns about inflation. Here’s why you may be paying more for breakfast, and what that says about where prices might be heading in the future. Photo: Carter McCall/WSJ
Coffee prices are heating up, and experts say an even bigger price hike could be coming. WSJ explains the web of economic forces that help determine the cost of coffee. Illustration: Mallory Brangan/WSJ
Outsized inflation numbers in America are partly a statistical quirk—but also a sign of the tricky balance pandemic-era policymakers must navigate. And why you may soon be getting a lift from a flying taxi.
The IRS sent roughly 90 million stimulus checks to Americans in March. WSJ’s chief economics commentator Greg Ip explains why stimulus checks alone are unlikely to spur inflation. Photo Illustration: Carlos Waters