Grocery shopping Washington DC inflation
High economic growth is inflationary & prices already have gone up in key sectors.
  • Inflation could rebound, thanks to high energy prices and hot economic growth.
  • Inflation accelerated just 3.2% year-per-year, according to the July CPI report.
  • But prices are likely hovering around the 5% range when considering those factors, one economist says.

Another wave of high prices could be coming for the US economy, thanks to factors like hefty government spending and high energy costs, according to one former White House economist.