3min chapter

Moody's Talks - Inside Economics cover image

Banner Inflation, Banking Braves Out

Moody's Talks - Inside Economics

CHAPTER

The Importance of Wage Growth in the Service Sector

CPI for food away from home has been rising pretty strongly. This was tied to just strong wage growth, especially in the food services industry. And I think that's starting to finally relieve a lot of that upward pressure on this particular category of the CPI. Marissani: The rest should continue to moderate here, but they're stillPretty high on a month, month basis, even near the year. But private market indicators from new leases suggest decline.

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