Why lower inflation does not mean lower prices
Separate the price level from its rate of change, then work through a grocery basket.
Read, try and explain →World Economy · Learn with evidence
Understand the headline. Follow the effects.
Use an economic explanation to ask better questions about a report. These evergreen lessons provide background; they do not verify a particular headline.
How shipping disruptions can affect grocery prices
Trace costs from a longer shipping route to a possible retail price change.
Read, try and explain →Who pays when tariffs rise?
Check covered goods, policy dates and how import costs can reach consumers.
Read, try and explain →What does an interest-rate change mean?
Distinguish policy rates, borrowing costs and the timing of effects.
Read, try and explain →A short checklist for any story
- Open the original report and note publication date and event date.
- Separate an observed change from a proposal or forecast.
- Identify the country, product, people and time period affected.
- Trace a plausible economic channel and state what remains unknown.
- Check another source before treating a disputed claim as established.