New CPI numbers show growing inflation, but is that the whole story?
There is perhaps no question more debated in macroeconomics than what sort of inflation we’re likely to see in the coming years. Many are convinced the combination of a growing money supply, expansionary monetary policy, pent-up demand, reshoring of manufacturing and more are pointing us to a secular inflation era. Others say the forces of deflation and disinflation, like technology and demography, are too strong.
In today’s episode, NLW looks at not only the latest Consumer Price Index numbers released today, but also recent Producer Price Index surveys, wage growth and more to try to put together a more complex, nuanced picture of the likely inflation scenarios going forward.
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