It's perfectly normal for supply chain issues to radiate out and diffuse from the initial bottle neck. > At what point do you acknowledge that there has been a

It's perfectly normal for supply chain issues to radiate out and diffuse from the initial bottle neck. > At what point do you acknowledge that there has been a general increase in the price level? If you agree that there has been an increase, when do you think it counts as 'inflation'? Inflation is an rise an average of prices. It is a symptom, not a single disease. Monitarists might say there is "the" inflation where all the prices go up, and no good "real activity" excuse to point the finger that. That's like...just their theory, man. Until the panic is clearly done and production is clearly stabilized, occam's raiser says don't worry about such spooky stuff.