Inflation Is Climbing Again. Here’s Why.

Producer Prices
A shopper guides a cart past a line of gigantic boxes of breakfast cereals in a Costco warehouse on Thursday, June 17, 2021, in Lone Tree, Colo. Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. The Labor Department reported Wednesday, July 14 that the June increase in its producer price index, which measures inflation pressures before they reach consumers, followed a gain of 0.8% in May and was the largest one-month increase since January. (AP Photo/David Zalubowski) David Zalubowski / Associated Press
Producer Prices
A shopper guides a cart past a line of gigantic boxes of breakfast cereals in a Costco warehouse on Thursday, June 17, 2021, in Lone Tree, Colo. Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. The Labor Department reported Wednesday, July 14 that the June increase in its producer price index, which measures inflation pressures before they reach consumers, followed a gain of 0.8% in May and was the largest one-month increase since January. (AP Photo/David Zalubowski) David Zalubowski / Associated Press

Inflation Is Climbing Again. Here’s Why.

If you’ve eaten out at a restaurant or tried to buy a car recently, you know inflation is on the rise. Reset checks in with NPR’s chief economics correspondent to see how long this trend will last.

GUEST: Scott Horsley, NPR chief economics correspondent