The inflation is already baked in, imo. The “problem” is, it isn’t linear and it doesn’t happen right away. When it does, watch out. The “experts” in the 1970s were confounded because, something happened that according to them, just was not possible - high inflation and high unemployment. So a new term - stagflation - was coined.
Hyperinflation is a different animal altogether. It occurs when confidence in the currency is lost altogether.
Every-time I thought I had figured out the best thing to do, the computer would come back and say “that's ok President Nixon has had trouble with inflation too”.
The main thing I figured out after all the hours playing with the model, was the more the Government did, the worse the long term effect, and things were worse later, than they would have been, if the Government had just done nothing, so most times it would be better for Uncle Sam to do as little as possible.