TLDR; climate change, Russia, supply chain not recovered, labor shortages; more price increases expected :/
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No matter what the inflation rate prices will not go down, for prices to go down you need deflation which is not likely to happen. Prices will always go up, it’s just the speed of which they go up that changes.
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We saw deflation as recently as 2020. Prices do not always go up.
Moreover, every single high inflationary period in history, save one time, has seen deflation occur soon after. Why do you think this will be the second outlier, especially when the driving forces are closer to every other time and quite unlike that one unique time?
