this article from march 2011 looks like happening now

Hidden Inflation: Rising Prices Are Hitting Consumers Harder Than the Fed Will Admit

Any U.S. consumer that goes to the grocery store or the gas station on a regular basis knows that prices are rising.

Unfortunately, those rising prices are set to soar even higher - and their effects on consumers will continue to be ignored by the U.S. Federal Reserve.

The United States has had a break from inflation the past couple years, while it exported higher prices to emerging market economies. The Fed's easy money policies created excess money that flowed overseas, and now those countries are seeing prices rise to threatening levels.
(...)
[link to moneymorning.com]

wonderful..