Bloomberg – “Another Reason Not to Fear Inflation”

The Fed shouldn’t worry too much about the recent surge in consumer prices. It’s most likely a catch-up after a tough winter.
U.S. inflation has been accelerating in recent months, presenting the Federal Reserve with a tricky question as it decides how quickly to remove stimulus from the U.S. economy: Is the rise in prices a precursor of things to come or simply a “catching up” phase as people begin to spend again after a brutal winter?