“Given lags in the indices, housing inflation is almost certain to soar in coming months. With super tight labor markets, rising strike activity and real wages having declined, increases in wage inflation are likely as well.” : RealEstate

Heard on NPR today that 58% of businesses are planning on increasing worker wages, and 40% are planning on raising prices. Between CPI, tight job market, housing/rent going up, enduring supply chain issues, etc. I don’t know how anyone can think higher levels of inflation aren’t here to stay (at least for a year or so).