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