Originally posted by Ryan McMaken at Mises.org: Earlier this month, price growth as measured by both the official federal CPI and the PPI showed that price growth is accelerating in the US. For example, year-over year price growth for May, as measured by the CPI. was at 4.2 percent, an increase over April’s print of 3.8 percent. That was the the highest in 38 months. Meanwhile, for May, core CPI growth, year-over-year, hit a nine month high. In both core and non-core, month to month CPI growth r