Consumer inflation in the US has remained relatively stable after the 2008 financial crisis. In April 2011, however, it jumped to 3.2 percent year-over-year. From here on out, it's only going to accelerate.
Some factors that will drive accelerated inflation are good and come naturally with an improving economy. Some factors are simply realities in the global economy.
Others, however, are destructive and the result of policy mistakes by the Federal government
Higher inflation is arguably always anti-growth because it reduces the purchasing power of consumers and drives up costs for businesses.
When it largely results from a booming economy, the anti-growth effects are eclipsed by the underlying growth story. However, when it occurs in a weak economic environment, it can prove to be a real drag.
To see why inflation is coming soon to America, and whether the factors driving it are good or bad, click Start.