There’s a difference between how policymakers look at inflation and how it feels to consumers. Also on today’s show: Home prices have been rising at the fastest clip in 15 years, and why some businesses are struggling to figure out their taxes.
There’s how the government looks at inflation, and then there’s what inflation feels like for you and me.
Prices climbed 11% year over year in metro areas, driven by the limited number of homes for sale and low mortgage rates.
Estimated taxes are usually predictable, but not this year because many businesses’ 2020 income was so erratic.
Diaper banks provide free diapers and often other infant supplies to parents who need them. This year, they’re busier than ever.
Workers from rural China came to Shanghai in search of better lives, a challenge even in good times. Then the COVID-19 lockdown hit.
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