Pet food is a fascinating example of this because pet food has been premiumizing to coin a term there for many, many years. So that trend has been kind of turbocharged by the pandemic. You know, pets don't eat more than they used to, but we're spending way, way more on pet food than we used to. And that is a part of this long-running premiumization trend that has only gotten deeper over the past three years.
The traditional explanation of inflation is simple: too much money chasing too few goods. But some experts are now wondering if companies’ aggressive pursuit of profit is driving up inflation as well.
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
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