Much of the available data is only pointing to inflation being on the order of 2.5% in the coming years. This is hardly the runaway inflation scenario many are

Much of the available data is only pointing to inflation being on the order of 2.5% in the coming years. This is hardly the runaway inflation scenario many are predicting and is close to the target inflation rate of 2%. https://fred.stlouisfed.org/series/T5YIFR https://fred.stlouisfed.org/series/T5YIFR https://www.clevelandfed.org/our-research/indicators-and-data/inflation-expectations.aspx https://www.clevelandfed.org/our-research/indicators-and-dat... Yes, some things (housing, lumber, used cars, etc.) are experiencing quick increases in price. Some are saying this is a sign of runaway inflation. Many others are saying these price increases are a result of pandemic related supply/demand issues and temporary shocks to supply chains.