[ska]

And I'm saying it's not really a smoke-screen, but rather it is what happens whenever there is high variability. Note that I included both greed & fear in the mix.

I guess I'm objecting to "arbitrary" rather than "how markets work".

I think we are both agreeing that there are parts of e.g. consumer grocery store prices that are inherently inflation driven (and unlikely to go down) and parts that may be opportunistic or defensive (and might) but the key think is literally nobody actually knows how to separate that cleanly. There is some hope that competition will drive out some of the additional price increase over time relative to actual value, but usually the way this happens is by letting inflation eat it, not actually re-pricing lower. We will see, but until then we'll see reports like you've linked, and others claiming otherwise, and not really know until the dust settles.