Wolf of inflation coming to the US door

The consumer price index in the United States was 5 percent in May, its highest point since September 2008, and the core CPI was 3.8 percent, its highest level since July 1992.

Although that stems largely from the low base of the same period of last year, it has beaten expectations for several months in a row, which has brought the issue of US inflation to everyone's attention again.

Although the US Federal Reserve still insists the inflation pressure is "temporary", as it expects it to gradually subside with the improvement of US employment and the restoration of supply capacity, some experts and agencies warn the mounting inflation pressure will have disastrous consequences to the US economy. US policymakers should heed the changes supporting these warnings as there is a high probability that inflationary pressures in the US will continue to exceed expectations.