Economy

Five telltale signs that inflation is upon us

By Nihal Krishan
Published May 14, 2021 10:35am ET
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Five telltale signs that inflation is upon us
In this Thursday, March 27, 2014 photo, John Pittenger tosses up a pizza dough at the Whole Foods Market in Woodmere Village, Ohio. The Labor Department releases its May report on producer prices on Friday, June 13, 2014. (AP Photo/Tony Dejak) | Tony Dejak

Prices are rising, and the prices of some goods and services are soaring.

Overall, prices rose 4.2% from last April to this year, according to an update in the Consumer Price Index released by the Department of Labor this week, the fastest pace of inflation since 2008.

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