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US economy is flashing an inflation warning sign: Prices of goods we use every day are rising

Signs of inflation are already here in the United States with the prices of groceries, household items, gas and electricity, for example, surging over the last year

Fastest Pace In Three Years, With Coffee Up 8%, Bread Up 11% And Gasoline Up 22%



The US economy is roaring back to life after stalling out during the pandemic, but there are warning signs flashing that could hit consumers right in the pocketbook.

Measures of inflation – or the prices of goods and services that we all pay – are rising much more quickly than experts like to see. If those price increases get out of control, then the economic boom is likely to come to a screeching halt.

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