Trump economy

http://www.marketwatch.com/story/inflation-surges-in-january-by-most-in-four-years-cpi-shows-2017-02-15

Gasoline the main culprit, but rents, health care also on rise

WASHINGTON (MarketWatch) — The prices Americans pay for goods and services surged in January by the largest amount in four years, mostly reflecting a rebound in the cost of gasoline that’s taking a bigger chunk out of household incomes.

The consumer price index, or cost of living, rose by a seasonally adjusted 0.6% in January, the government said Wednesday. Economists polled by MarketWatch had predicted a 0.3% increase.

As has been the case lately, a big increase in the cost of gasoline accounted for almost half of the increase in consumer inflation in January.

The cost of filling up at the gas station has climbed to a nationwide average of $2.30 a gallon from just under $2 last spring, according to government figures.

The rising cost of gasoline is pinching U.S. households and pushing inflation higher after several years of little price pressures, a trend that could also spawn higher interest rates in the near future.

Over the past year the consumer price index has climbed 2.5%, the biggest increase in a 12-month span in five years.

lol

Good.

A little inflation is a good thing for this economy.  The FED is crapping their pants because we haven't had any.