Inflation, explained: Why prices keep going up and whos to blame – CNN

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He says the company has increased salaries 25-30% to entice workers.”,”descriptionText”:”Backed up cargo ships persist, but the biggest issue in the ongoing supply chain crisis is labor, according to Maersk CEO Soren Skou. He says the company has increased salaries 25-30% to entice workers.”},{“title”:”The US economy added 531,000 jobs in October”,”duration”:”01:36″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/05/october-jobs-report.cnnbusiness/index.xml”,”videoId”:”business/2021/11/05/october-jobs-report.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211104175044-03-us-help-wanted-sign-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/05/october-jobs-report.cnnbusiness/video/playlists/business-economy/”,”description”:”America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. CNN’s Christine Romans reports.”,”descriptionText”:”America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. CNN’s Christine Romans reports.”},{“title”:”Larry Summers: The economy is overheating but it’s good for workers”,”duration”:”02:12″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/04/inflation-larry-summers-wages-and-jobs-increase.cnnbusiness/index.xml”,”videoId”:”business/2021/11/04/inflation-larry-summers-wages-and-jobs-increase.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211104131458-larry-summers2-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/04/inflation-larry-summers-wages-and-jobs-increase.cnnbusiness/video/playlists/business-economy/”,”description”:”Former Treasury Secretary Larry Summers warns inflation could last for at least another six to nine months, but people will find it easier to get wage increases and jobs.”,”descriptionText”:”Former Treasury Secretary Larry Summers warns inflation could last for at least another six to nine months, but people will find it easier to get wage increases and jobs.”},{“title”:”The Fed rolls back economic stimulus”,”duration”:”03:25″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/03/federal-reserve-tapering-stimulus.cnnbusiness/index.xml”,”videoId”:”business/2021/11/03/federal-reserve-tapering-stimulus.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210407134307-federal-reserve-0319-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/03/federal-reserve-tapering-stimulus.cnnbusiness/video/playlists/business-economy/”,”description”:”The Federal Reserve is set to reduce the massive monthly asset purchases that supported the economy throughout the pandemic. CNN’s Matt Egan report”,”descriptionText”:”The Federal Reserve is set to reduce the massive monthly asset purchases that supported the economy throughout the pandemic. CNN’s Matt Egan report”},{“title”:”Janet Yellen: Inflation expectations remain well anchored”,”duration”:”01:38″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/03/janet-yellen-inflation-amanpour.cnnbusiness/index.xml”,”videoId”:”business/2021/11/03/janet-yellen-inflation-amanpour.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211103101920-janet-yellen-amanpour-golodryga-interview-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/03/janet-yellen-inflation-amanpour.cnnbusiness/video/playlists/business-economy/”,”description”:”Treasury Secretary Janet Yellen tells CNN’s Bianna Golodryga for Amanpour that policy makers have learned from history and can avoid supply shocks like those in the 1970s.”,”descriptionText”:”Treasury Secretary Janet Yellen tells CNN’s Bianna Golodryga for Amanpour that policy makers have learned from history and can avoid supply shocks like those in the 1970s.”},{“title”:”Munger: Communist China handles economic booms better than capitalist America”,”duration”:”03:01″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/02/charlie-munger-taxes-china-gr-orig.cnn/index.xml”,”videoId”:”business/2021/11/02/charlie-munger-taxes-china-gr-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210224132441-charlie-munger-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/02/charlie-munger-taxes-china-gr-orig.cnn/video/playlists/business-economy/”,”description”:”Billionaire investor Charlie Munger weighs in on Biden’s economic plan and what he says communist China gets right.”,”descriptionText”:”Billionaire investor Charlie Munger weighs in on Biden’s economic plan and what he says communist China gets right.”},{“title”:”Your Thanksgiving meal will cost more this year”,”duration”:”01:48″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/02/thanksgiving-meal-inflation-romans.cnnbusiness/index.xml”,”videoId”:”business/2021/11/02/thanksgiving-meal-inflation-romans.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211102093112-thanksgiving-prices-romans-magic-wall-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/02/thanksgiving-meal-inflation-romans.cnnbusiness/video/playlists/business-economy/”,”description”:”Turkey prices are forecast to top record highs this holiday season. Inflation is driving up the cost of everything on the Thanksgiving menu from potatoes to apples. CNN’s Christine Romans reports.”,”descriptionText”:”Turkey prices are forecast to top record highs this holiday season. Inflation is driving up the cost of everything on the Thanksgiving menu from potatoes to apples. CNN’s Christine Romans reports.”},{“title”:”Supply chain crunch has Americans in a scramble. Find out why”,”duration”:”03:20″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/29/supply-chain-chaos-impacts-american-food-supply-prices-dnt-earlystart-cohen-vpx.cnn/index.xml”,”videoId”:”business/2021/10/29/supply-chain-chaos-impacts-american-food-supply-prices-dnt-earlystart-cohen-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211029102302-supply-chain-shortage-still-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/29/supply-chain-chaos-impacts-american-food-supply-prices-dnt-earlystart-cohen-vpx.cnn/video/playlists/business-economy/”,”description”:”Labor shortages and supply chain problems could mean more Americans will go hungry. CNN’s Gabe Cohen explains.”,”descriptionText”:”Labor shortages and supply chain problems could mean more Americans will go hungry. CNN’s Gabe Cohen explains.”},{“title”:”Supply chain backlog weighs on US economic growth”,”duration”:”01:25″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/28/us-economy-gdp-q3.cnnbusiness/index.xml”,”videoId”:”business/2021/10/28/us-economy-gdp-q3.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211013134447-02-global-supply-chain-crisis-0909-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/28/us-economy-gdp-q3.cnnbusiness/video/playlists/business-economy/”,”description”:”The US economy grew at an annualized rate of only 2% in the third quarter – the slowest pace of growth since the start of the recovery. CNN’s Christine Romans reports. “,”descriptionText”:”The US economy grew at an annualized rate of only 2% in the third quarter – the slowest pace of growth since the start of the recovery. CNN’s Christine Romans reports. “},{“title”:”Toys stuck in supply chain chaos “,”duration”:”02:49″,”sourceName”:”CNN”,”sourceLink”:”www.cnn.com “,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/19/supply-chain-holiday-shopping-chaos-yurkevich-newday-pkg-vpx.cnn/index.xml”,”videoId”:”business/2021/10/19/supply-chain-holiday-shopping-chaos-yurkevich-newday-pkg-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211013134618-03-global-supply-chain-crisis-0920-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/19/supply-chain-holiday-shopping-chaos-yurkevich-newday-pkg-vpx.cnn/video/playlists/business-economy/”,”description”:”Approximately 200,000 shipping containers remain gridlocked off the coast of Los Angeles as pandemic-related disruptions continue to affect various supply chains. CNN’s Vanessa Yurkevich explains how this delay is going to hurt our holiday shopping. “,”descriptionText”:”Approximately 200,000 shipping containers remain gridlocked off the coast of Los Angeles as pandemic-related disruptions continue to affect various supply chains. CNN’s Vanessa Yurkevich explains how this delay is going to hurt our holiday shopping. “}],’js-video_headline-featured-9cq0u6′,”,”js-video_source-featured-9cq0u6″,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length