Inflation has been poking its way into our lives lately - on the political scene and as we swipe our credit cards in the check-out line. We’re breaking down the basics you need to know about inflation and how it works. Inflation is about a loss of money's purchasing power.Inflation is hard to measure.Our cost of living is rising; experts disagree about whether this is a long-term inflation problem.Central banks are entering the chat; we will probably see higher interest rates.Monetary policy is not science or magic.Sign up for our weekly newsletter to ensure you don’t miss anything going on in the Pantsuit Politics world.Please visit our website for full show notes and episode resources. Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.