In today's Chart of the Day, Yahoo Finance host Julie Hyman explores this wage growth pattern, the factors shaping it, and what it means for consumer spending in relation to inflation. To watch ...

The consumer price index increased 2.7% in November ... that economic trends underpinning inflation, such as moderating wage growth in the labor market, remain positive, Zandi said.

The key elements supporting the forecast of strong consumer spending include good employment with wages rising faster than prices now and accumulated savings and investments. Personal consumption ...