WPTF Morning News

Alex Jacquez, chief policy advocacy officer at Groundwork Collaborative, on rising prices and what inflation means for North Carolina families this summer

5 min · Gestern
Episode Alex Jacquez, chief policy advocacy officer at Groundwork Collaborative, on rising prices and what inflation means for North Carolina families this summer Cover

Beschreibung

Alex Jacquez, chief policy advocacy officer at Groundwork Collaborative, joins Tony to break down how the war in Iran is driving roughly 60% of May's inflation increase, with gas prices up more than 40% and airfares jumping 26% compared to last year. Jacquez explains why North Carolinians are spending an extra $1.1 billion on gas and diesel alone, how rising transportation costs ripple through grocery prices, and why consumer sentiment has fallen to levels lower than the Great Recession as wage growth fails to keep pace with inflation.

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