Inflation is back? Where did it go?

The Wall Street Journal reports:

Inflation is back.

I wasn’t aware it had ever left.

UPDATE: Apparently, I am not alone.

2 responses to “Inflation is back? Where did it go?

  1. Fair point. If you divide your inflation fears by three (to approximate mine), the curve looks pretty modest until the last few quarters.

    I am curious what you think of today’s WSJ guest commentary:

    http://online.wsj.com/article/SB120813349057411671.html?mod=opinion_main_commentaries

    John Makin of the AEI suggests that inflating our way out of the housing crisis is the “least worst” option.

  2. it’s everywhere…

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