You are going to see “Stagflation”... Inflation on necessity items like energy, food, and clothing (and other commodities ) and falling prices on those goods that are not as the demand is destroyed for those goods (Electronics, computers, ect). As input prices continue to go up, these items will begin to see a price rise, but the companies will have to eat the cost or lose customers.
Wages will remain stagnate or fall, however, and unemployment will rise.