Inflation fears plaguing economic recovery

• Merideth Bucher
  BioRecent Stories

  

  Producer of WITF's Smart Talk

Airdate: Wednesday, October 27, 2021

Anyone who shops for food or fills their gas tank knows that higher prices are affecting their pocketbook.

Economists are now forecasting that higher prices may be here to stay, as the U.S. is running at a 13-year high of 5.4 percent inflation.

Rising food and housing costs accounted for more than half of the inflation jump in the past year, which analysts see as a sign that supply chain glitches and worker shortages are spreading to other parts of the economy.

Heather Long is a Washington Post economics correspondent who has reported on inflation and the economy and she appears on Smart Talk Thursday to discuss the economic forecast.