Kyle Rizdahl

And he says that is what the wholesale clubs offer, at least for shoppers who can afford an 80-pound wheel of Parmesan.

That's a real Costco product, by the way.

I'm Daniel Ackerman for Marketplace.

There's plain old inflation, too much money chasing too few goods.

You're all familiar with that, I'll assume.

There's shrinkflation, companies trying to get one over on consumers by putting less in a package but keeping prices steady.

Now meet climateflation.

And don't take it from me, take it from science and data.

Emma Court wrote about it the other day from Bloomberg.

Emma, welcome to the program.

It's good to have you on.

Thanks so much for having me.

Take me back, would you, as you start this piece to the summer of 2022 in Europe, the weather and then and then the climate flation that happened.

Can we talk actually more about that messiness?

Because climate deniers will certainly look at this article and listen to this interview and say, no, no, no, you can't actually do it.

And the fact is now that economists are really working diligently and in some cases can actually make those connections.

Right.

The other thing, since you mentioned central banks, the other thing central banks worry a lot about is keeping inflation expectations anchored.

And as you point out in this piece, people who are more attuned to climate change may be anticipating higher prices because of climate change.

And as we know, inflation expectations can actually affect what prices do.