A so-so CPI
Feb 13, 2024

A so-so CPI

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Inflation didn't fall as much as some economists predicted, but it's not all doom and gloom either.

Segments From this episode

Inflation falls, but not as much as expected

Feb 13, 2024
The CPI rose 3.1% in January compared to a year ago.
A major factor in core inflation is shelter costs. But the way the CPI calculates rent lags a bit behind current rent prices.
Patrick T. Fallon/AFP via Getty Images

When an item costs more but you still need it? That's "inelastic demand."

Feb 13, 2024
Despite inflation, people still buy as much food, medicine, gasoline — even coffee.
The price of baby food and formula is up 8.7% year over year, according to the latest CPI.
Brandon Bell/Getty Images

China's economy has "downshifted fundamentally over the past couple of years"

Feb 13, 2024
"If we have a China that's growing more slowly, there's less opportunity" globally, says economist Adam Posen.
Consumer prices in China have been falling for too long.
Photo by STR/AFP via Getty Images

For a performing arts teacher in Boise, work is steady, but it's a "constant hustle"

Feb 13, 2024
Spending on services is up, but Leta Harris Neustaedter says business at her Metamorphosis Performing Arts Studio has its ebbs and flows.
Leta Harris Neustaedter leads an acting camp, part of her Metamorphosis Performing Arts Studio.
Courtesy Leta Harris Neustaedter
The Federal Reserve has been using monetary policy to slow down the economy. Congress and the White House have used fiscal policy to energize it. Above, Fed Chair Jerome Powell.
Anna Moneymaker/Getty Images

Steamy, sultry and stigmatized no more: romance novels are having a moment

Feb 13, 2024
They used to sell as a guilty pleasure to be hidden away. Now they're cool and out in the open.
Books Inc. in Mountain View, California went from a couple shelves of romance to a full bay in recent years.
Meghan McCarty Carino/Marketplace

Music from the episode

"melt" Kehlani
"Tiki Room Rendezvouz" Lee Rosevere
"Look What I've Done" Maverick Sabre
"Chartreuse" Capital Cities

The team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sarah Leeson Producer I
Sean McHenry Director & Associate Producer II
Richard Cunningham Associate Producer I
Sofia Terenzio Assistant Producer
Jordan Mangi Assistant Digital Producer