© 2021 Boise State Public Radio

For assistance accessing our public files, please contact us at boisestatepublicradio@boisestate.edu or call (208) 426-3663.
WebHeader_3.png
NPR in Idaho
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Inflation Nation: The Long-Term Effects Of Rising Costs

General Mills' Cinnamon Toast Crunch 18.8-ounce boxes are on display on a supermarket shelf in Arlington, Virginia.
General Mills' Cinnamon Toast Crunch 18.8-ounce boxes are on display on a supermarket shelf in Arlington, Virginia.

Prices are going up and there’s a good chance they’re not coming back down for a while, according to economists. A breakdown in the global supply chain and a shortage of workers are driving the cost of many goods up.

Periods of inflation always have ripple effects on the economy and this time is no different. The impact has been especially bad for small businesses struggling to stay afloat during the pandemic.

Michelle Smith, who owns Brewed Downtown, a cafe in Jacksonville, North Carolina, wrote in Newsweek:

For small businesses, things are only getting worse. For those of us who managed to scrape through the lockdowns, a new disaster has emerged: the supply chain crisis. And it’s killing those of us that somehow managed to survive.

We speak with Michelle and an economist about what is up with inflation, and why the consequences could last some time.

Copyright 2021 WAMU 88.5