I'm not asking if inflation currently exists - it definitely does - but I'm more curious to know if it actually is a big deal? Is it just a transitory thing or are there actual warning signs for larger issues?
Someone who is good at economics please explain
Depends on the good. Its been most noticeable for me in gas (obviously), meat (bacon and beef have gone up at my local supermarket at least $2-$3), and the vending machines at work.