Chicago Tonight

The Impact of Inflation on the Economy

Clip: 07/13/2021 | 9m 21s

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The Bureau of Labor Statistics says the overall level of inflation is 5.4%, well above analysts' estimates and the Federal Reserve's target of around 2%. Some of that increase is driven by temporary factors related to the pandemic, such as a 45-percent rise in used cars prices. But other factors may not be temporary. So what do these inflationary pressures mean for the economy?

Aired: 07/13/21 | Rating: NR

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