Wages Keeping Pace with Inflation? Lithium and Cobalt Lead the Charge Nov 22, 2021 View in your browser Wages Keeping Pace with Inflation? Lithium, Cobalt Lead the Charge By Blu Putnam, Chief Economist Erik Norland, Senior Economist CME Group Are Wages Keeping Pace with Surging Inflation? Are hourly wages keeping pace with the surge in inflation? Depends on which gauge is used, consumer price index or PCE price index. Phillips Curve links unemployment to wage inflation. Is Phillips Curve concept relevant amid pandemic-related forces of change? Watch video Lithium, Cobalt Lead Charge for Alternative Fuels Lithium, cobalt prices rise amid push for alternative fuels. Lithium battery storage costs have fallen by 70% over past decade. Use of lithium in batteries has soared from 19% in 2004 to 71% in 2020. Cobalt prices have a volatile boom-bust cycle that can last years Read article SEE MORE ANNOUNCEMENTS
