Energy Prices Drive Inflation Fears

As energy prices go up, economists are fearful that so too will the cost of everything else:

Rising energy costs are causing Americans to pay more for such diverse products as cat litter and express delivery services, sparking concerns that protracted inflation might be returning as a primary threat to the U.S. economy for the first time in more than a decade.

Signs of higher inflation are beginning to multiply across the economy. Clorox Co. said this week that it would boost prices on almost half its products, on top of increases already announced for its food containers, trash bags and liquid bleach.