To be fair, a libertarian would agree with you. To a first approximation, a libertarian would ignore all government statistics and instead look at markets. He

To be fair, a libertarian would agree with you. To a first approximation, a libertarian would ignore all government statistics and instead look at markets. He sees the massive 10bp inversion in the eurodollar spot curve two years out, concludes that there is no (monetary) inflation, and positions himself for (monetary) deflation. He would agree with you that the CPI inflation has all the causes that you mention, perhaps throwing in lockdowns, vaccine mandates, and general government incompetence for good measure.