LIVE: Economists discuss inflation and the economy at the Aspen Ideas Festival — 6/29/22

CNBC Television published this video item, entitled “LIVE: Economists discuss inflation and the economy at the Aspen Ideas Festival — 6/29/22” – below is their description.

Watch a discussion on inflation and the economy at the Aspen Ideas Festival on Wednesday. The festival is a gathering of some of the most provocative thinkers, writers, artists, business people, teachers, and other leaders.

NBCUniversal News Group is the exclusive media partner for this internationally renowned event. High profile global change agents convene in Aspen, Colorado for this 18th annual gathering exploring ideas and issues that shape our lives and challenge our times.

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LIVE: Economists discuss inflation and the economy at the Aspen Ideas Festival — 6/29/22

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Colorado, a western U.S. state, has a diverse landscape of arid desert, river canyons and snow-covered Rocky Mountains, which are partly protected by Rocky Mountain National Park. Elsewhere, Mesa Verde National Park features Ancestral Puebloan cliff dwellings. Perched a mile above sea level, Denver, Colorado’s capital and largest city, features a vibrant downtown area.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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