This year, more than any in three decades, we’ve heard a lot about inflation. Especially after Russia’s invasion of Ukraine sent the global oil and gas market into a frenzy, we’re feeling the impacts of soaring energy prices every time we’re at the pump.

Where is energy inflation headed, and what might it mean for climate and energy policy? As a new Consumer Price Index (CPI) report was released, WW0 brought together Jessica Yllemo, Senior Fellow for Climate Security at the American Security Project, and Ellen Hughes-Cromwick, Senior Resident Fellow in Third Way’s Energy and Climate Program. Their conversation helps make sense of the CPI, and what it means for energy and climate.

Ellen brings a unique vantage from her decades of work at the intersection of global economic issues. She has been both Chief Economist of the US Department of Commerce and Chief Global Economist at Ford Motor Company, where she provided insights and analysis on the global economy and how economic development creates jobs and opportunity.