The Impact of Inflation on the Economy
Clip: 7/13/2021 | 9m 21sVideo has Closed Captions
Inflation is on the rise, including a 45% increase in gas prices over the past 12 months.
The Bureau of Labor Statistics says the overall level of inflation is 5.4%, well above analysts' estimates and the Federal Reserve's target of around 2%. Some of that increase is driven by temporary factors related to the pandemic, such as a 45-percent rise in used cars prices. But other factors may not be temporary. So what do these inflationary pressures mean for the economy?
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The Impact of Inflation on the Economy
Clip: 7/13/2021 | 9m 21sVideo has Closed Captions
The Bureau of Labor Statistics says the overall level of inflation is 5.4%, well above analysts' estimates and the Federal Reserve's target of around 2%. Some of that increase is driven by temporary factors related to the pandemic, such as a 45-percent rise in used cars prices. But other factors may not be temporary. So what do these inflationary pressures mean for the economy?
Problems playing video? | Closed Captioning Feedback
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Chicago Tonight is a local public television program presented by WTTW
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