September 11, 2009
"The U.S. Import Price Index increased 2.0 percent in August, driven primarily by a 9.8 percent advance in fuel prices. Import prices fell 0.7 percent in July. Prices for U.S. exports rose 0.7 percent in August after falling 0.3 percent the previous"
since the "USA" doesn't export Fuel other than Coal, I would hazzard a guess that inflation has Started.
The quote is from a site that Optionsgirl gave regarding "Import/Export" prices.
As I run across other underlying signs of Inflation, I'll post them here.