Introduction

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Tracy Alloway: The idea that inflation is due to corporations realizing they can charge us more and we will pay a new cause of inflation. She says companies are using once-in-a-lifetime disruptions as an excuse to raise prices. But now, chicken wing prices have dropped below their pre-pandemic levels - yet the company isn't saying it's going to start dropping its prices. It's actually this strategy of making up what you lose in sales volume with higher prices.

Inflation happens for a lot of reasons that can be hard for even economists to fully grasp. But — as we learned this spring in an episode we’re rerunning today — there’s also a more straightforward reason prices keep going up: greedy corporations are using inflation as an excuse to jack up prices.

This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Noel King.

Transcript at vox.com/todayexplained

Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices