Summary
The August inflation report is out and the U.S. Labor Department says overall consumer prices rose 8.3% from a year ago. That's slightly lower than July's increase, but amid fears of more interest rate hikes, it led to Wall Street's worst day since June 2020. Economist Julia Coronado of MacroPolicy Perspectives joined Judy Woodruff to discuss. For a transcript of this story, click here .Five Facts
- Who is interviewed in this story, and what is her background?
- When did inflation recently begin to impact the economy?
- What are some of the reasons economists were disappointed in recent inflation numbers?
- How does inflation affect the lives of typical citizens?
- Why is inflation difficult to control, according to this interview?
Focus Questions
If inflation remains high, what are some things local or federal governments should do to help ease the burden on typical citizens? Media literacy: Who else would you want to hear from to better understand the impact of inflation?For More
What can students do: Discuss — how have you noticed inflation in your everyday life? What seems as though it's more expensive than it used to be?- Once everyone has shared who wants to, take a look at this chart from the U.S. Bureau of Labor Statistics to track how the cost of common household expenses have changed in recent years.
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