Comment by rsync

The real trend is deflation.

People are having fewer children.

Fewer miles are driven to fewer offices for fewer trips in cars.

Fewer impulse buys are being made and fewer dollars will be made by advertisements (according to the ops conjecture).

This is not inflationary. It is the opposite.

We live in a deeply deflationary world and we should not be confused by the local, transitory inflation that we may be experiencing at this moment.