S1E6: How economics really affects you
Making Money
00:00
The Impact of Energy Costs on the Economy
Energy prices went up quite a lot after the Russian invasion of Ukraine and they're still coming down, but not further enough to make sure that inflation is back on target. Food prices have also gone upQuite a lot, largely because the energy costs, but also because commodities are more expensive. That obviously feeds through into directly into what you say, households are feeling in terms of inflation. We're seeing an increase in wages across kind of different sectors, but it's difficult to say whether it's a wage price spiral at the moment. And then on the flip side, do you think if you are taxing corporations, like Starbucks or wealthy individuals, would that be good for the economy or bad for
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