The mystery of rising prices. Are greedy corporations to blame for inflation?

High gas prices are shown in Los Angeles on May 24, 2022.

Jae C. Hong / Jae C. Hong

Everyone agrees inflation is happening. What they don’t agree on is whodunit.

The most recent numbers show prices up 7.7% over 2021. But for some items like eggs, health insurance, and gasoline, prices have been rising much faster than that.

Inflation can be an elusive foe: quietly making off with our savings and chunks of our paychecks, and stealing away everything from vacations to favorite foods.