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The U.S. added a robust 379,000 jobs in Feb­ru­ary, and the econ­o­my is primed to take off, but improved growth prospects might come with a cost in the short run. In a word: infla­tion. Make no mis­take. Infla­tion is still very low right now, and it has been for the past decade. The coro­n­avirus pan­dem­ic squelched infla­tion ear­ly last year, and, even now, prices are ris­ing less than 2% a year.

Read: Infla­tion wor­ries are back. Should you wor­ry? The loss of so many jobs dur­ing the pan­dem­ic — near­ly 10 mil­lion are still miss­ing — and result­ing drop in demand is also helping …