You know that feeling when you’re at the grocery store and the package of pasta that used to cost $1 suddenly costs $1.25? Yeah, I know. We ALL know that feeling.
Over the past three years, average consumer prices have increased close to 20%. While the rate of inflation has come down since peaking last year, the cost of many goods and services continues to increase. But when will prices go back down?
Click the audio player above to hear “Marketplace” host Kai Ryssdal and “Marketplace” producer Maria Hollenhorst talk about that and other existential questions about the economy.
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