Why stuff isn’t getting cheaper

Traci Alloway, co-host of the Odd Lots podcast at Bloomberg, and Jason Carrion, the Business news director at the New York Times, dive into the perplexing dynamics of inflation. They introduce 'excuseflation,' where companies justify price hikes as a strategic move rather than due to supply-and-demand issues. The discussion also covers 'premiumization,' revealing how brands manipulate perceived value to charge more, affecting lower-income households. Ultimately, they explore the broader implications of a two-track economy and rising inequality.