How inflation affects our economy, and what can be done about it : Planet Money Two stories about the effects of inflation on the economy. We meet a gig worker who's seen an increase in wages, but because of inflation, how much of that increase in earnings is an illusion? Then, we break down how the Federal Reserve is planning to fight inflation. | Subscribe to our weekly newsletter here.

How bad is inflation?

How bad is inflation?

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Stefani Reynolds/AFP via Getty Images
A shopper walks through the dairy aisle of a grocery store in Washington, DC, on February 19, 2022. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)
Stefani Reynolds/AFP via Getty Images

Inflation is at a 40-year high, and this has impacted everything – from raises at work, to trips to the grocery store. Today, two stories from The Indicator on how rising prices have affected the economy, and what can be done about it.

We follow an UberEats driver and Instacart shopper who's seen her paycheck go up. But she's also seen rising prices for food, gas, and other basics that eat away at her income. So, has she gotten a real raise, or is it just an illusion? And we break down how the Federal Reserve is planning to fight inflation with one primary tool: interest rates.

Music: "Natural Time Cycles," "Sneaky Love," "No Fomo Instrumental" and "Waking Up To The Fire."

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