Originally Posted by
BoilerUP
2000-2020 CPI averaged 2.1%. In that 21 year time frame, CPI has exceeded 3% only five times.
2021 is gonna be a big one, no doubt...but while I've never bought the "transitory" line from the Fed I think there's scant reason to believe these kinds of sharp increases will continue at the same rate for years on end into the future.
Even 3-4 years would be a big hit plus the inevitable recession as the result of disinflation. ‘73-‘84 wasn’t a picnic.