When is inflation no longer "transitory?"

Segments From This EpisodeMario Tama/Getty ImagesJust how many “transitory” inflation events does it take before inflation becomes persistent?

Scott Olson/Getty ImagesIowa corn and soybean farmer April Hemmes said her fertilizer costs are up about 30% and are predicted to rise again next year.

chabybucko/Getty ImagesInflation is the biggest challenge for 16% of respondents to a survey from the National Federation of Independent Business, the highest share in over a year.

Scott Eisen/Getty Images“Every six months you need to update your course materials,” said MIT Deputy Dean of academics Asuman Ozdaglar. “You need to introduce new courses because there are new paradigms that emerge within a few months’ time frame.”

Courtesy TDI CHPExpressTwo new power transmission lines are connecting Quebec to New York and Massachusetts this year. While they’re a welcome source of low-carbon energy for the states, the Canadian province’s power surplus is not what it once was.