The Price Shock

Prices are rising - but are we heading into an unprecedented economic period? So far, wages haven't yet followed. How different is what's going on now from the conventional boom and bust cycle? Evan Davis and guests discuss. Guests: Dr Jennifer Smith, Associate Professor of Economics, Warwick University Professor Michael McMahon, Oxford University Sonali Punhani, UK Chief Economist at Credit Suisse

Producer: Julie Ball Production Coordinators: Sophie Hill and Siobhan Reed Sound: Rod Farquhar Editor: Hugh Levinson

Produced in association with the Open University