Insider Q&A: Economist Joel Naroff on the inflation threat

Inflation, a no-show for decades, is suddenly breaking out all over, it seems

WASHINGTON -- Inflation, a no-show for decades, is suddenly breaking out all over, it seems. And concerns are growing. Consumer prices in April jumped by the largest amount in more than a decade, with surging costs for food, used cars, airline tickets and furniture, among other goods and services. The price increases have sparked fears that the quickening economic recovery could trigger runaway inflation for the first time in a generation. The Associated Press spoke recently with Joel Naroff, president and chief economist of Naroff Economics LLC. The interview was edited for clarity and length. ———