(Business 2.0) – First, the good news: Deflation is no longer a threat. The bad news? Inflation suddenly is. For the first time in years, economists will be paying anxious attention to the Consumer Price Index, slated for release on June 15. Despite soaring energy costs and increasing commodity prices (both in the United States and Asia), the consensus call is that core inflation will rise by a relatively tame 0.2 percent. Just the same, that would peg core inflation at 2.4 percent annually (compared with last year's 1.9 percent), and the final number may rise even higher.