Hello, I am Elif Demirtaş and this is Why Bread Costs More, the show that explains the economy one purchase at a time. We are starting, naturally, with bread. The loaf I buy every morning from the bakery on my street costs almost double what it did two years ago, and the baker is not getting rich. So where did the money go. Today we follow that price backwards, from the counter to the flour, from the flour to the mill, from the mill to a wheat farmer who gets paid in a currency that keeps changing. Along the way we meet the strange idea that prices rise partly because everyone expects them to. And we ask what a central bank, sitting in a tower far from any bakery, can honestly do about a loaf. No graphs, I promise. You are listening on Witspeak Podcasts.