U.S.: Inflation Is Still On The Mat But Don't Count It Out Just Yet

The biggest concern for 1997 will be a tight labor market

Inflation has been down for so long, a few analysts have pronounced it dead. The latest price indexes show inflation ended 1996 as tame as ever. But other data strongly suggest the seeds of future inflation are in the ground. They are dormant now, but just a little coaxing from a vibrant economy could cause them to sprout.

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