Business Weekly
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Inflation Is the One Thing That Hits You in the Pocket
Inflation rates the likes of which we haven't seen in a veryong time. Red hot labor market as wages get bit up, that may in turn have firms put prices out more and then workers want wages out more. More strikes going on now than normal but i think that's really just an indicator, not the driver. It could be that the inflation ray just coms down over the course of the next 12 to 18 months. On the other hand, there's a chance that it just has gone too far already andis going to be difficult to rein in.
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