Inflating Inflation

(1) Taper chatter is back. (2) There are two goals in the dual mandate. (3) Inflation remains below target. (4) Consumer durable goods prices on long decline. (5) Drug prices weighing on nondurable goods inflation rate. (6) Rent inflation is boosting services, while hospitals and doctors are not. (7) Why do central bankers want higher inflation? (8) Friedman’s truism not so true recently. (9) Liquidity is boosting asset inflation, not price inflation. (10) Central banks don’t control real incomes. (11) CPI inflation squeezing wages in Japan.