Why Inflation Doesn’t Affect Us All the Same

Fresh data from the U.S. government on Wednesday showed that inflation was still climbing at a rapid pace, prompting President Biden to say that controlling the rising prices was his “top domestic priority.”

But not everybody experiences inflation equally. Why is that?

Guest: Ben Casselman, an economics and business reporter for The New York Times.

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Background reading: 

• What’s your rate of inflation? You can answer seven questions to estimate your personal inflation rate here.
• Rising prices could hurt Democrats in the midterms, and Mr. Biden has sought to turn the debate over the economy against his opponents.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.