Well, higher productivity growth would mean lower inflation for any given rate of wage increase.

That means more rationing and higher inflation on the way.

This could mean higher inflation, as imports become expensive, and even a recession.

As pay rises, this reasoning goes, so might prices, which means higher inflation.

The August increase, if maintained and compounded for a year, would mean inflation of 5.2 percent.

Some economists fear that in the Soviet case this could mean high inflation.

This would mean less inflation, which in turn should raise stock prices.

Lowering rates encourages economic growth but can mean higher inflation.

But the higher energy prices also mean more inflation.

Higher oil prices also mean rising inflation, another negative for the dollar.