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Personal consumption is one thing especially if the item isn't critical and is just for entertainment or convenience.

If you're running a business however and you need the machinery, components or whatever in order to meet commitments to your own customers then you need your suppliers to be reliable.

If you think there's a 1 in 100,000 chance that something from China won't turn up on time then you'll probably take the risk.

If you think the chance of delay is 1 in 3 however then it's a different story. It's pretty hard to defend your decisions to your own customers, or to your own upper management if you're the employee who made the decision, given how much has been said via mainstream news sources about supply chain disruption.

Back to inflation directly, well I ordered a specific branded item, a brush to be precise. Price now in July 2022 being 157% higher than I paid for an identical one in November 2021. OK, that's only $17.99 versus $6.99 but still, it's a decent rate of inflation there.

That said, I'm going to step outside the box and suggest that we're pretty much done with this current burst of inflation and it won't be too much longer before we see central banks go on pause with rate hikes. Looking around, there seem to be plenty of cracks appearing both in markets and the real economy.

My guess - the (US) Fed will be done with rate hikes by the end of 2022 and it wouldn't surprise me if the language really starts to shift as early as September. Just my