TEMPORARY SUPPLY GLITCHES ARE NOT INFLATION:

Supply constraints are really starting to abate. The US stood out like a sore thumb for much of 2021, with delivery times almost as stretched (red) as Japan after Fukushima in 2011 (orange). We've now been normalizing for two successive months. Same is true for Germany (blue)... pic.twitter.com/cHecoZ0pXG

— Robin Brooks (@RobinBrooksIIF) December 18, 2021

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