If it happens across the entire country, it just gets called inflation (by definition, CPI averages prices for a basket of goods across the whole country). Whic

If it happens across the entire country, it just gets called inflation (by definition, CPI averages prices for a basket of goods across the whole country). Which is to say, averaging demand over a larger number of cities is what we should all be cheering for, because it means the next generation won't have to choose between getting a job and being able to afford a home; the high paying jobs (well, average-paying after counting inflation) will be in every nearly every state in the union.