Sky News published this video item, entitled “Why expensive energy impacts everything” – below is their description.
From salt to fibreglass to tomatoes, Economics and Data Editor Ed Conway takes a deep dive into inflation – explaining why rising energy costs are impacting everyday living so much.
Sky News YouTube Channel
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About This Source - Sky News
Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via a radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006.
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.