Current:Home > ScamsUnwinding the wage-price spiral -Aspire Money Growth
Unwinding the wage-price spiral
Algosensey Quantitative Think Tank Center View
Date:2025-04-07 16:48:05
Prices are up – again. The latest numbers from the CPI, or Consumer Price Index, show a 6.4% increase in prices over the last year. With wages also growing (at least before inflation) are we at risk of a wage-price spiral, where both wages and prices continue to rise in perpetuity?
We ask two economists whether this nightmare scenario is keeping them up at night — or if it's all just a scary bedtime story.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (76)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Stock market today: Asian shares are mostly lower ahead of key US inflation report
- Wisconsin Supreme Court seeks investigation after abortion draft order leaks
- Two years after All-Star career, Stephen Vogt managing Guardians to MLB's best record
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Prosecutor drops 2 remaining charges against ex-police chief and top aide after indictment dismissed
- Oklahoma man to be executed for the rape and murder of his 7-year-old former stepdaughter
- 'I'm sorry': Texas executes Ramiro Gonzales on birthday of 18-year-old he raped and killed
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Texas inmate set to be executed on what would have been teen victim's 41st birthday
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- 2024 Copa America live: Score, lineups and more for Venezuela vs. Mexico
- CBS News price tracker shows how much food, utility and housing costs are rising
- 'The Bear' Season 3 is chewy, delicious and overindulgent: Review
- The Super Bowl could end in a 'three
- Blac Chyna’s Kids Cairo and Dream Look All Grown Up During Rare Public Appearance
- The Volvo S60 sedan Is suddenly dead
- Coach Outlet's 4th of July 2024 Sale: Score Up to 70% Off These Firecracker Deals
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
8 arrested men with ties to ISIS feared to have been plotting potential terrorist attack in U.S., sources said
Texas man executed for 2001 abduction and killing of 18-year-old woman
San Diego brush fire prompts home evacuations, freeway shutdowns as crews mount air attack
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Michael Easton is leaving 'General Hospital': 'I've loved every minute'
Ex-'Jackass’ star Bam Margera will spend six months on probation after plea over family altercation
Worst to first? Ranking 8 NFL teams' chances to jump to top of division in 2024