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
Inflation also bothers the mythical "Middle Class" (actually petit bourgeois, rich people who are safe from healthcare bankruptcy or homelessness) and even higher rich people too; (of course its not life-threatening for them) so that's why you hear news about it.