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Do Rising Labor Costs Trigger Higher Inflation?, Volume 3, Issue 11

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Do Rising Labor Costs Trigger Higher Inflation?, Volume 3, Issue 11

DATE: September 1997

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ABSTRACT: The evidence that developments in compensation growth lead overall CPI inflation has thus far been inconclusive. This study, however, sheds new light on the relationship between labor costs and price inflation. By breaking down compensation and prices into their various components, the author finds that compensation growth in the service-producing segment of the private sector can help predict prices for a specific group of services.

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Federal Reserve Bank of New York. Research and Statistics Group. "Do Rising Labor Costs Trigger Higher Inflation?, Volume 3, Issue 11," Current Issues in Economics and Finance (September 1997). https://fraser.stlouisfed.org/title/6879/item/627881, accessed on March 28, 2023.

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