wages are more or less permanent, while inflation is temporary, though until we tax the corporations at a fair rate and use strong enforcement to collect those taxes, we will see wage growth used as a smoke screen to vastly increase profits. we need a serious windfall tax on income on sales year over year, say at least 50% 1/2
No, inflation is not temporary. By definition it is a core aspect of a currency, and being so core to the money itself, it ends up being pretty permanent.
It is extremely unlikely that the dollar will every again be what it was worth two years ago.