https://www.thebalance.com/u-

[an]

https://www.thebalance.com/u-s-inflation-rate-history-by-year-and-forecast-3306093#:~:text=U.S.%20Inflation%20Rate%20History%20and%20Forecast%20%20,March%202022%20projection%20%2036%20more%20rows%20

Here’s the historical data. By your logic, the great depression was also transitory. Stagflation in the 70s lasted for only 5 years, so I guess that was transitory too.