Apparently ports are clearing: https://www.cnbc.com/2021/11/01/commerce-secretary-gina-raimondo-sees-clear-improvements-happening-at-congested-us-ports.html Several commodities seem to have peaked and then fallen back. Inflation is a continuous increase in the price level, so it doesn’t seem like that’s yet the case: The post Optimism index, Consumer sentiment, port congestion, lumber, iron ore, coal, steel, soybeans appeared first on Mosler Economics / Modern Monetary Theory .