Current:Home > StocksUnwinding the wage-price spiral -MoneyTrend
Unwinding the wage-price spiral
View
Date:2025-04-28 02:57:20
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! (33543)
Related
- Meta releases AI model to enhance Metaverse experience
- Why members of two of EPA's influential science advisory committees were let go
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Questlove charts 50 years of SNL musical hits (and misses)
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Travis Hunter, the 2
- This was the average Social Security benefit in 2004, and here's what it is now
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Grammy nominee Teddy Swims on love, growth and embracing change
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- 2025 'Doomsday Clock': This is how close we are to self
- The Super Bowl could end in a 'three
- Arkansas State Police probe death of woman found after officer
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Global Warming Set the Stage for Los Angeles Fires
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
The company planning a successor to Concorde makes its first supersonic test
At site of suspected mass killings, Syrians recall horrors, hope for answers
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Woman dies after Singapore family of 3 gets into accident in Taiwan
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone