Inflation tops 3.6% in May

On June 15, the Bureau of Labor Statistics released the inflation data for May. If you didn't hear about the new data, you are not alone -- the mainstream media buried the story. Why? Inflation hit 3.6% in May, even though gasoline prices actually fell that month. Inflation has been rising since November, as shown in the graph below:

http://www.americanthinker.com/2011/06/inflation_climbs_to_36_in_may_palin_was_right.html

No surprise really, save for it highlights the ineffecient, or politically motived, nature of .Gov stats concerning the economy, this was one of the certain negative consequences of the current political leadership's economic policies, however the real danger is this is happening in a no to low growth environment meaning worst case this is the first step in Stagflation happening, or could be.

High inflation, high unemployment, high unemployment is already here, now inflation is like the grinding wheel rolling on those out of work, or barely above water as it is.