Sentences with phrase «wage inflation pushed»

Not exact matches

Ontario restaurants hiking menu prices after the province raised its minimum wage this year were likely responsible for pushing January food inflation to its highest annualized increase in nearly two years.

In fact, if I were RS, I'd worry more about financial and other sectoral (housing) bubbles ending expansions more than I'd worry about full employment driving wage - push inflation.

However, given the weakness in the bargaining power of so many in the workforce, along with some anxiety about price pressures from wage - push inflation, such evidence must be scrutinized.

If the Fed were to continue hiking rates based on the current low rate of productivity growth for fear that inflation would accelerate, that would tend to keep productivity growth permanently depressed by preventing wage pressures from pushing businesses to investment in productivity boosting technologies.

Although the unemployment rate is below the estimated rate when wage increases push inflation up rapidly, that hasn't happened.

In the past, this structure made it hard to avoid a wage / inflation spiral, where higher wages pushed up costs, which pushed up prices, which necessitated even higher wages, and so on.

By way of a reminder, the ECB has remained (too) optimistic about core inflation, largely partly on the view that a decline in potential growth to around 1 % and an increase in the equilibrium rate of unemployment would push wage growth and core prices gradually higher by 2017.

But the minimum wage increase backed by Assembly Democrats aligns with de Blasio's push to hike the minimum wage in the city to $ 15 by 2018, plus indexing to inflation future increases.

Combined with other expected rises, such as wage and cost inflation, this could push bills at or near the record # 1,500 mark in certain areas.

Assembly Speaker Sheldon Silver, D - Manhattan, had pushed a bill that raise the wage to $ 8.50 in New York and tie future increases to the rate of inflation.

Hawkins also cited the failure of Cuomo to make any public effort to push for legislation to raise the minimum wage to the $ 10.10 and indexed to inflation, which he said last month he supports.

But when you stop and think about it, persistent negative real wage growth does mean that the BOE will be less likely to tolerate higher inflation, which may have stopped forex traders from pushing the pound even lower.

The skills they are looking for are simply not available in sufficient quantity to meet the industry demand and that is now starting to push up salaries in a number of markets, even when overall wage inflation remains very low.

Upward pressure on wage rates associated with tight labor markets, the impact of new fiscal policies, and the threat of rising tariffs on imported goods into the U.S. could very likely push inflation past the Fed's targeted 2 % goal.