This is the 10th article in our 11 part economy and wage settlement series.
Even before Donald Trump was elected president indicators pointed to the return of both the local and the US CPI to a 2% + figure for the next few years, something previously discussed in this series. There are some economists that point to the bond market activity as indications of pending rising inflation. Others are not convinced that even the more dramatic actions of a new administration will have an immediate effect on inflation because there are some unchanging realities that are pushing inflation downward. Greg Ip, in his article Trumpflation: Not Now, Maybe Later, offers the following projections: