Another Jolt of Inflation Ahead

Check out the accompanying pdf and chart collection. (1) Base effect: Nothing to see here; keep walking, please. (2) Shortages should be transitory too, so say Fed officials. (3) Inflation targets vs trajectories. (4) A baseless case for 2.0%. (5) Inflation is a tax. (6) Fighting Mother Nature’s deflationary forces. (7) Demand and supply shocks. (8) A three-month perspective on inflation. (9) Drilling down into the CPI. (10) A few things to worry about: costs of gasoline, food, used cars, and rent. (11) Wage inflation is picking up.