Isabella Weber Explains Why We're Rethinking the Way Inflation Works - Bloomberg

Isabella Weber Explains Why We're Rethinking the Way Inflation Works - Bloomberg
https://www.bloomberg.com/news/articles/2023-06-08/isabella-weber-explains-why-we-re-rethinking-the-way-inflation-works?utm_source=twitter&utm_content=asia&utm_medium=social&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-asia#xj4y7vzkg

Isabella Weber Explains Why We're Rethinking the Way Inflation Works

'Excuseflation' is everywhere now.

Joe Weisenthal2023年6月8日 22:45 JST

Cooked pork dishes for sale at a food stall in Beijing, China, on Thursday, Jan, 12, 2023. 

Bloomberg

Earlier this year, Odd Lots talked about the idea of companies taking advantage of bottlenecks and other disruptions to raise their prices. Since then, the notion of this type of corporate-led inflation has burst into the public discourse with central bankers and politicians all taking a closer look. But how does this type of inflation differ from more traditional economic interpretations of prices, and what are the implications for monetary and economic policy? In this episode, we talk once again to Isabella Weber, the UMass-Amherst economics professor who dubbed this phenomenon "sellers' inflation" in a paper published earlier this year. She talks about how the way we think about inflation is changing and her own experience of seeing public attitudes shift in real time. This transcript has been lightly edited for clarity.