Inflation is inescapable. On the grocery retailer and the fuel station, in virtually each nation on the earth, individuals are paying extra — far more — for every little thing than they did simply a few years in the past.

Diapers within the US, meals in Ghana, and residential costs in India. What induced all this inflation? Within the US, the Federal Reserve expects inflation to be about 2 p.c a yr. Proper now, that’s true for some items like clothes, prescribed drugs, and training; they’re solely barely above that 2 p.c mark. For different items like used automobiles and vans, gasoline, web service, and telephone plans, costs are literally decrease than this time final yr.

However let’s have a look at the price of diapers. Between 2018 and 2022, the general value of diapers elevated by 22 p.c. Lease, airfare, dairy merchandise, and baked items all went up considerably, too. On this video, we discover three competing explanations for why costs are rising, in addition to completely different coverage choices for bringing them down.