Everybody needs money. That's why they call it money.

From fool global headquarters, this is Motley Fool Money.

It's the Motley Fool Money Radio Show. I'm Ron Gross sitting in for Chris Hill.

Joining me today are Senior Analysts Andy Cross and Jason Moser,

a gentleman how you doing. Good, Ron.

Earning season just starting to heat up today.

We're going to talk big banks, airlines and video games.

But we begin with everybody's favorite macroeconomic metric, inflation.

Andy, you can't turn on the news without hearing about inflation

and whether it's transitory or more permanent, PPI, CPI.

There's a lot of macroeconomic noise out there.

So my question to you is what should investors be thinking about here

and should they be concerned?

Well, I think from Ron from the expectations for the investor side,

I think inflation matters the most when I start seeing it really creep up

in employee costs, salaries, because employee costs now are somewhere.

Gosh, it continues to increase 20, 40, 50% or so depending on the company of revenues.

And it gets to be a very sizable amount if we start seeing increases in employee costs.

Now the CPI, the consumer price index, the core which strips out the volatile food and energy prices,

has been running very hot as well as has been reported.

It was up 5.4% in June year, every year.

That's the fastest in 13 years.

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