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The Daily

The Perilous Politics of Rising Inflation

Rob Szypko and

Dave Shaw and

Inflation in the United States is rising at its fastest rate so far this century. At 4 percent, according to one index, it is about double the Federal Reserve’s target.

Much of what’s happening is related to the pandemic and surging demand as the nation returns to something resembling normalcy.

Republicans have latched onto the issue, blaming President Biden for the economic situation.

We look at the problems created by rising prices and at the tense political moment they have created.

Jim Tankersley, a White House correspondent for The New York Times.

Virus-wary consumers have shifted their spending toward goods rather than services.
Hiroko Masuike/The New York Times

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Jim Tankersley contributed reporting.

The Daily is made by Lisa Tobin, Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Larissa Anderson, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Austin Mitchell, Neena Pathak, Dan Powell, Dave Shaw, Sydney Harper, Daniel Guillemette, Robert Jimison, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Kaitlin Roberts, Rachelle Bonja, Diana Nguyen, Marion Lozano, Soraya Shockley, Corey Schreppel, Anita Badejo, Rob Szypko, Elisheba Ittoop, Chelsea Daniel, Mooj Zadie and Rowan Niemisto.

Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Cliff Levy, Lauren Jackson, Julia Simon, Mahima Chablani, Sofia Milan, Desiree Ibekwe, Erica Futterman, Wendy Dorr, Elizabeth Davis-Moorer, Jeffrey Miranda and Maddy Masiello.


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