We describe a new mechanism that gives rise to dissipation during cosmic
inflation. In the simplest implementation, the mechanism requires the presence
of a massive scalar field with a softly-broken global U(1) symmetry, along
with the inflaton field. Particle production in this scenario takes place on
parametrically sub-horizon scales, at variance with the case of dissipation
into gauge fields. Consequently, the backreaction of the produced particles on
the inflationary dynamics can be treated in a \textit{local} manner, allowing
us to compute their effects analytically. We determine the parametric
dependence of the power spectrum which deviates from the usual slow-roll
expression. Non-Gaussianities are always sizeable whenever perturbations are
generated by the noise induced by dissipation: fNLeq​≳O(10).Comment: 31 pages + appendices, 8 figure