Consumer prices jumped higher than expected

05.12.2021 - By Marketplace

Download our free app to listen on your phone

Consumer prices are up 4.2% year over year. That’s the highest yearly jump since the Great Recession. A lot of prices increased more than expected, including those in communications and apparel. But travel-related prices are on fire. Compared to March, the cost of renting a car went up 16%, airfare is up 10%, lodging is up almost 8% and used cars prices are up 10% — in one month. Also on the show today: Governments are trying to incentivize vaccination, retirements increased during the pandemic, and we take a trip to the mall with a fashion business expert.

Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/donate

More episodes from Marketplace