Squawk Pod Hot, Hot, Hot! Inflation Back to the 80s 4/12/22
The Consumer Price Index, which measures inflation by tracking the prices of everyday items, rose 8.5% in the last year–the fastest annual gain since 1981. CNBC’s senior economics reporter Steve Liesman and on-air editor Rick Santelli explain the hot inflation data, pains for consumers, and whether the Fed’s aggressive policies to combat it will result in a broader economic slowdown. Former Australian Prime Minister Kevin Rudd covers another factor that could hit inflation rates here in the U.S.: China’s Covid lockdowns. As sweeping shutdowns across the country continue, Rudd considers the impact on global supply chains and inflation around the world. Plus, Etsy sellers are on strike–virtually for a week to protest a hike in fees.
In this episode:
Kevin Rudd, @MrKRudd
Rick Santelli, @RickSantelli
Steve Liesman, @steveliesman
Joe Kernen, @JoeSquawk
Becky Quick,
Andrew Ross Sorkin,
Katie Kramer,
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.