Inflation does start to go everybody does notice it, but you didn't think it would turn out to be a big deal. People were pretty prudent with the government's money, and so they've been spending it very gradually. It has mades the resulting inflation a lot more durable than it otherwise would have been. Prices of surging more than they have in 30 years, and there doesn't seem to be an end inside.
Last year, Vox correspondent Dylan Matthews didn’t think inflation would be a big deal. He wasn’t the only one to miss the mark.
This episode was produced by Will Reid, edited by Matt Collette, engineered by Paul Mounsey, fact-checked by Laura Bullard, and hosted by Noel King.
Transcript at vox.com/todayexplained
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