The Train is Pulling into Inflation Station

Inflation rose .6 percent last month, which anyone who has not been living in a cave knows. This is big news in a country whose recent history has been inflation in the twos per year. One good effect of this inflation rise comes in the likelihood of a Fed rate rise rising. Import prices last month rose 17%, which means that Wal Mart, Target, Costco are all gonna be raising the prices to keep their Chinese goods coming in. Hurray globalism.