highest rate of inflation in 13 years . joining us, our job is john quality, dean of the university of miami business school, dean quality. great. have you back on the show today, and you know, when we look at the latest report, it shows inflation was still up in august, but of course, by a little less than a month before. so does this play into the federal reserve continued claim this is skyrocketing prices will only be transitory. yes, thank you. of course, li, skyrocketing prices, especially in the energy and food sectors and also in the area of automobiles, are a function of supply chain disruptions are a function of the resurgence and 10 top demand among consumers. and they're also a function of wage inflation that relates to spot shortages. and the labor supply and dislocations due to illness is related to the, the coven virus. so there are a number of factors that of feeding into this inflation. and the question is whether or not these influences are going to abate over time. there's also, i think, a question mark around what is the meaning of temporary, temporary might mean in some put in some peopl