The sticky thing is the wage market with boomers retiring, reduced immigration, COVID and long COVID removing workers from the job market, and the pandemic in general pissing people off so they start to demand more at their work, rising unionization, etc.

High energy costs are also not here to stay. There's very clearly the post-pandemic supply shock which has spilled over into high energy costs due to a bullwhip effect. And there's the war in Ukraine, which will not last forever. There's also a buildup in inventories now (the bullwhip is coming back around) and there's no huge demand for container ships from China right now. High energy costs didn't stick in 2007, they didn't stick in 2014 and they won't stick this time. Commodities/Energy inflation is cyclical.