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Previous episode Printing money: why a country cannot get rich by making more money

How inflation works: why your money buys less every year

Cost-push inflation: why prices rise even when nobody spends more

In 2022, prices in much of Europe rose faster than they had in decades. A big part of the push came from one bill that every business pays. How can one cost make almost everything more expensive?

  1. 1 Miva's electricity bill has doubled, from $400 to $800 a month. Her two freezers run day and night, even in winter.Mivaelectricity billlast winter: $400this winter: $800example numbers

    Miva's electricity bill has doubled, from $400 to $800 a month. Her two freezers run day and night, even in winter.

  2. 2 And it is winter. The beach is empty, and no line waits outside. Nobody wants more ice cream than before.ice creamnobody waiting

    And it is winter. The beach is empty, and no line waits outside. Nobody wants more ice cream than before.

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Next episode The wage-price spiral: can the fear of inflation cause inflation?

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