Is price inflation growing?  I see three data points, amid slow nominal growth:

  • Japan
  • US
  • Crude Oil prices have been rising, amid the relaxation of exports in the US, and weak global demand.

This is early, but I have adjusted my bond portfolio to reflect this last month, buying some TIPS.

This is not worthy of full action, but it is interesting to see the three above rising at the same time.  That’s all.