I'm not so sure about this without more detailed analysis. We've seen significant supply shocks across tons of sectors and that directly affects a good chunk of

I'm not so sure about this without more detailed analysis. We've seen significant supply shocks across tons of sectors and that directly affects a good chunk of goods in the CPI. Slightly longer term issues like supply constraints for lower end semiconductors may be fully resolved within a year or so. There's definitely significant increases in demand for certain goods (eg; luxury goods) but it's unclear how sustained that will be either.