数据点评 | 通胀“超预期”的三大线索（申万宏观·赵伟团队）

Core Viewpoint - The article discusses three major clues indicating that inflation has exceeded expectations, highlighting the implications for the economy and investment strategies [2] Group 1: Inflation Indicators - The first clue is the unexpected rise in consumer prices, which has shown a significant increase compared to previous forecasts, suggesting a potential shift in monetary policy [2] - The second clue involves the labor market dynamics, where wage growth has outpaced inflation, indicating increased purchasing power for consumers [2] - The third clue relates to supply chain disruptions that continue to affect prices, particularly in essential goods, leading to sustained inflationary pressures [2] Group 2: Economic Implications - The article emphasizes that persistent inflation could lead to tighter monetary policies, which may impact borrowing costs and overall economic growth [2] - It also notes that sectors sensitive to interest rates, such as real estate and consumer discretionary, may face challenges as inflation persists [2] - The potential for inflation to influence consumer behavior is highlighted, with consumers possibly shifting spending patterns in response to rising prices [2]