[cj]

I think this is where the "inflation is transitory" catchphrase was born.

"Yes, we see all of these price changes, but don't worry it will go back to normal after the pandemic" ... which people went along with for a while, until it was clear that prices weren't dropping back to normal.

[superwalker]

Inflation being transitory doesn’t imply prices will ever go down though. That was just people not understanding how inflation works.