Inflation is fairly predictable.
There is a six month to one year lag between government deficits and future inflation as price increases work their way through the economy (including labor).
Since government deficits continue unabated and are actually increasing it does not take a genius to figure out what the next few years of inflation will look like....
The current happy talk is the calm before the storm.
One thing that is almost always left out of the discussion is money supply. M2 surged $3.5 trillion in the Trump/Biden COVID handout period. $3 trillion has since been drained.
All that loose cash had a major effect on the inflationary cycle.