What causes inflation? Economists and the public disagree
Jun 12, 2024

What causes inflation? Economists and the public disagree

Much of the public think interest rate hikes lead to higher prices — contrary to economic orthodoxy.

Segments From this episode

What do people think causes inflation?

Jun 12, 2024
A survey reveals the general public doesn't always agree with economists on what causes higher prices.
"People have a very valid lived experience that just sometimes doesn't align with our official statistics," said Harvard economist Stefanie Stantcheva.
Kena Betancur/Getty Images

How the Federal Reserve's inflation fight today compares with the '70s and '80s

Decades ago, the Fed was battling double-digit inflation, and Chair Paul Volcker took aggressive action that drove interest rates way up.
As Fed chair, Paul Volcker aggressively fought raging inflation, driving interest rates far higher than they are today. Above, Volcker in 2005.
Mario Tama/Getty Images

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Dylan Miettinen Digital Producer
Jesson Duller Media Producer
Nic Perez Director/Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Naomi Rainey Producer, BBC
Lis Mahy Producer, BBC