Where before I was reasonably confident the inflation worries were at best a temporary blip, now I'm resoundingly confident the idea is an influence campaign to control monetary policy.
@Splinty @Let Love Lead let's have a friendly wager on this. The CPI rose this month by 0.8%. I will bet that by October, the average monthly increase will be no greater than 0.2% if not in the negative. If inflation is running away, this prediction should easily fail. If I lose, I'll pay each of you the difference in how much higher it is times $100, e.g. 1.0-0.2=0.8 * 100=80 or 0.5-0.2=0.3 * 100=30 etc. If I win, you both donate 0.2% of your 2020 tax return to a charitable cause of my choosing.