Why Inflation Doesn’t Affect Us All the Same

<p>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.”</p><p>But not everybody experiences inflation equally. Why is that?</p><p>Guest: <a href="https://www.nytimes.com/by/ben-casselman?smid=pc-thedaily">Ben Casselman</a>, an economics and business reporter for The New York Times.</p><p>Want more from The Daily? For one big idea on the news each week from our team, <a href="https://www.nytimes.com/newsletters/the-daily?module=inline">subscribe to our newsletter</a>. </p><p>Background reading: </p><ul><li>What’s your rate of inflation? You can answer seven questions to<a href="https://www.nytimes.com/interactive/2022/05/08/business/economy/inflation-calculator.html"> estimate your personal inflation rate here</a>.</li><li>Rising prices could hurt Democrats in the midterms, and Mr. Biden has<a href="https://www.nytimes.com/2022/05/11/business/as-the-war-fuels-inflation-biden-plans-to-address-rising-prices-and-global-shortages.html"> sought to turn the debate over the economy</a> against his opponents.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday. </p>