market revaluation 75 cents., page-9

By the way the list you made does not equate to sustained secular inflation. What we have is due to one off fiscal spending, supply chain distributions and a closed china. Increased productivity, capex and new job creation causes sustained recovery with growing participation rate with low unemployment which is accompanied by trade surpluses and reductions of federal and corporate debt. We have none of those. Yes, some commodity prices will remain elevated but mostly due to structural deficits from low capex in the last cycle where most capital went to unicorn tech companies instead of bringing new mines online.