True up until the point where inflation its self starts to impact economic growth.
And that doesn't do any good for workers, because inflation starts to climb even faster.
How is 1988 different from 1979, when inflation started rising to double figures?
But I still think inflation will start to accelerate as we move forward.
Growth began to slow down sharply in 1989 and, coincidentally, inflation started to rise.
Even in the 1960's, the healthiest expansion on record, inflation started to rise after five years of growth.
If a settlement is reached, inflation will almost immediately start to eat away at the savings that had been agreed upon.
Then again, in 1975, when inflation started to pick up, so did small stocks.
I'll describe it as it was yesterday, when I went inside before the inflation started.
Then inflation started to accelerate and house prices fell back.