Inflation is coming or is it?

Inflation is coming? or is it here and over?
Well, here are my thoughts. But the TLDR is, the market expects a 5 year inflation rate of 2.8% and the Federal reserve has given similar guidance. 

Sources: 

https://www.bls.gov/cpi/

https://www.treasurydirect.gov/indiv/products/prod_tips_glance.htm

https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=realyield

https://www.federalreserve.gov/newsevents/pressreleases/monetary20211215a.htm

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