I'll be convinced there is a serious inflation problem if broad-based measures show inflation >3% in 12 months time. In the meantime, a lot of the price increas

I'll be convinced there is a serious inflation problem if broad-based measures show inflation >3% in 12 months time. In the meantime, a lot of the price increases cited by individuals seem to be related to pandemic-caused supply chain issues, which will hopefully be worked out within the next 12 months.