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September Inflation 3.7%: "That Was the Last Four Thousand Dollars"
From the BBN segment “Consumer prices rose 3.7% annually in September as gas prices…”, cut down to under a minute.
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Read the storyTranscript of the segment
What BBN said on air. The facts are in the original report: CNBC.
Vera BullockConsumer prices rose three point seven percent in September from a year ago, a touch above the three point six percent economists expected, and gas is driving it.
Vera BullockWith us is Thaddeus Mbeki-Lund, who advises companies on exactly this. Thaddeus, why did prices go up?
Thaddeus Mbeki-LundVera, to put a finer point on it, prices went up because things got more expensive. I'm flipping the hourglass for that one.
Vera BullockFlipping it?
Thaddeus Mbeki-LundThe hourglass is my meter. Every obvious statement starts a fresh hour, and my rate is four thousand dollars.
Vera BullockSo how does a family with a car and a commute handle gas prices that are surging?
Thaddeus Mbeki-LundTo put a finer point on it, they should drive less, and I'd call that a strategic reduction in mobility. Hourglass.
Vera BullockThat's just don't drive. Everyone with a gas receipt already figured that out for free.
Thaddeus Mbeki-LundTo put a finer point on it, prices rose three point seven percent annually in September as gas prices skyrocket.
Thaddeus Mbeki-LundThat's the headline, and I've added a slide.
Vera BullockYou've now billed this network more than a full tank of gas to read our own headline back to us.
Thaddeus Mbeki-LundFill up less often. That was the last four thousand dollars.
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