Inflation may be bad for consumers, good for deficit and jobs

Forget deflation. U.S. consumer prices jumped in January for the second month in a row — and it wasn’t just soaring costs for gas and food. Americans are beginning to pay more for clothes, rents and travel, new data released Thursday show.

http://www.tennessean.com/article/20110218/NEWS08/102180353/Inflation-may-bad-consumers-good-deficit-jobs

Tagged as: Deficit, Economic recovery, Inflation, Job creation, jobs, Recession 2009, US economic recovery, US economy