Difficult to say. Might be that horse has already left the barn:
From CNBC:
Inflation climbs higher than expected in June as price index rises 5.4%
Link to CNBC inflation story dated 13 July 2021
Not really expectin’ confirmation of my earlier assertion this quickly. Deny having had advance notice when I posted yesterday.
Bidenomics is not new where inflation is concerned. Democrat icon Jimmy Carter did it years ago. I well recall the horror show.
ETA
Also nota bene from that same article:
Stripping out volatile food and energy prices, the core CPI rose 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%.
Thanks to the geniuses who voted for Biden. You richly deserve the economic hardships awaiting you . . . . but your kids and grandkids do not.