I've read much lately on the rise of inflation as measured by the Consumer Price Index excluding food and energy. And, I by no means am saying that there's nothing there. Pulling the Monthly Chart of Annual CPI change up to 2000+, the rise has been quite profound (increasing by over one point since October, 2010).
That said, another way to view inflation is through the change in the Gross Domestic Price Deflator. While this is only updated on a quarterly basis, the price deflator gets around some quirky issues with some other price indexes. Specifically, it accounts for changes in consumer behavior. It also has been increasing since July of 2009.
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