Sunfish is correct. The US long term bond rate, has jumped significantly in the last 2 weeks, commodity prices are way up this year. Inflation comes in a thousand different flavours & the one coming down the line is cost of living inflation - food, energy & materials (things you
need to live), whilst simultaneous encumbered asset deflation (real estate, cars, electronics - things you
want) due to credit destruction. Money printing(QE.x) by the Federal Reserve is deliberately designed to export inflation to Asia to get it to break the yuan / USD peg, and force the yuan to upward. This "hot" printed money is not being lent to businesses, but used to purchase hard commodities, hence less business lending & commodity price increases. Food price inflation in China is currently running at close to 15%.
This type of inflation will start to show up in other things you need to live over the next 6 to 12 months, & significantly lower lending.