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Business Daily: Cost of living crisis

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Cost of living crisis

07/02/2022 GMT

BBC World Service - Business Daily, Cost of living crisis

Why are prices rising so fast and who is impacted the most?

Prices are rising at their fastest for years. What are the factors behind the rises and who is impacted the most?

Prices around the world are rising at their fastest level for years. Rising energy prices and a surge in demand after the pandemic lockdown have pushed up the prices of many of the goods that we rely on and our wages are not keeping pace. Tamasin Ford looks at the factors behind the rises and hears why it is often the poorest in our society who are impacted the most. Tamasin talks to Davide Angeletti who owns Ovenbird Coffee in Glasgow; he's looking at how he can cut his costs whilst he struggles to pay his bills; Tehiya Ben Zur is a mother living in one of the world's most expensive cities, Tel Aviv and Claudia Keller, the CEO of Second Harvest Food Bank in Orange County in California. And to explain how inflation is measured and why price rises are felt differently across society, economist Xavier Jaravel of the London School of Economics breaks down the data.
(Image: A shopper at a supermarket in London, Credit: European Pressphoto Agency)

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