The Inflation Is Transitory, Is Still Alive and Well?

If you look at the flexible verses c p i, this is calculated by the atlanta fat, you see there in the chart that the cor sticky c p i is actually not much higher than the long term average. So if you argue that this is only about flexible prices, and again, used cars prices, airfare, hotel rates are in that category, then you can say inflation is transitory. Having said that, there are a couple of indicators that point to continuously, or longer than expected, higher inflation rates. And perhaps five % or six %, but maybe a longer time in above three% or even four%.