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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=Anonymous]CPI really isn't the focus anymore. The thing to track are wages, the gap between job openings and job seekers, PPI, and productivity. It's increasingly becoming clear that inflation is being driven by cost push inflation. Last round of employment cost index went up by the greatest amount in history. The labor market is too tight/hot and wages are going up too fast. It will take a while before cost-push inflation shows up in the CPI, so I wouldn't celebrate yet if CPi is down or flat.[/quote]
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