one thing that wonder about is what if we're not seeing inflation show up in many goods categories because of retail menu costs, but that is starting to change, and in a month or three inflation stats maybe look very differenthttps://twitter.com/sgodofsk/status/1450657636161134592 …
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this won a nobel prize :) no im joking i semi agree with you. main function of price increases in this case is more likely to be efficient rationing by consumers rather than an increase in supply, in the short run just a question of relative elasticity https://www.jstor.org/stable/1913386
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