All About Inflation

(1) Faster pay increases heighten price inflation concerns. (2) Is the Phillips curve finally in gear? (3) Tight labor market boosting productivity and real wages perhaps? (4) Wage vs price curves. (5) Inflation has been subdued for a very long time, and may remain so. (6) Disinflation remains a global trend. (7) Latest employment gains belie labor shortage fears. (8) More rapid increases in wages for goods producers aren’t showing up in goods prices. (9) In services, rent inflation is looking toppy thanks to multifamily house-building boom. (10) Healthcare inflation remains very low even excluding impact of government programs, which tend to keep a lid on pricing.