Which inflation index to look at? These are the producer price index, all commodities; and consumer urban index, all goods. If we are looking at long term trends, then look, these go then years back. I see both on the same upward trajectory, minus the one time loss of the recession. I see the same trend that started the last rate hike cycles.
So why does no one else see inflation? Most economists think we will recover the lost growth during the recession. I think that is lost money.
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