The Importance of Premiumization in the Economy

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Is premiumization playing into these big, broad inflation numbers that we have out this morning? It could be. What it does mean is that there's a real risk that lower-income households are underserved in this new type of economy. That just puts into even sharper relief the inequality that we've seen for quite some time in most Western economies.

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