No doubt about it, inflation is coming to the US in the things we buy most.  Inflation is already becoming a major concern worldwide, and despite claims by our government that inflation remains low people need to understand that those numbers are skewed, and not in our favor.  The CPI excludes items like food and energy.  Do you eat food and use gas?  If you do you are probably noticing these items rising, and the statistics that are coming in are saying that you are going to be paying much more for these items within the year.

Here are 10 tidbits from news articles that inflation is heating up around the world:

1. British consumer price inflation surged to double the Bank of England’s target in January, official data showed on Tuesday, raising pressure on the central bank to look seriously at increasing interest rates. (CNBC)

2. Global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries, according to a new report from the World Bank. (Yahoo News)

3. Core wholesale prices rose in January at their fastest rate in more than two years, raising some concerns about inflation (Reuters)

4. Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50 percent as demand for alternatives and blends have risen. (CNBC)

5. Food and other commodity prices are on the rise and “that defines an inflationary trend,” said John Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina. (Bloomberg)

6. South African inflation accelerated to a six-month high of 3.7 percent in January as gasoline costs and food prices climbed, closing the door on further interest- rate cuts to spur the recovery in Africa’s biggest economy. (Bloomberg)

7. South Korean import prices grew at the fastest pace in 25 months in January mainly due to soaring raw material prices.  Raw materials prices soared by 24.2% in January, picking up from 20.9% in the preceding month. (RTT News)

8. Wheat, trading at $9 a bushel, has risen 80 percent over the past year. (Bloomberg)

9. Producers of seed, fertilizers and other agricultural inputs are the beneficiaries of rising food prices. (Reuters)

10. Cotton prices are near their highest level in more than a decade, after adjusting for inflation, and leather and polyester costs are jumping as well. Copper recently hit its highest level in about 40 years, and iron ore, used for steel, is fetching extremely high prices. Prices for corn, sugar, wheat, beef, pork and coffee are soaring. (NY Times)

Buying gold coins are a way to protect the assets that you have from inflation.  Gold is the most trusted source in the world for hedging inflation, and has been for 5,000 plus years.