Prices have gone to rents. As rent is a long term contract, that is a floor providing the upward spiral. https://www.yahoo.com/finance/news/rents-haircuts-americans-start-feel-165500571.html
Adding some thoughts:
Rent is a long-term contract, so when that goes up, it affects the CPI permanently.
Wages are a long-term contract, so when that goes to $15/hour, it affects the CPI permanently.
The stage has been set for a hyper-inflationary upward spiral. I do not think the Fed can stop it, despite their enormous creativity.
FYI, I think the gold market's recent turmoil is due to a difference between paper and physical. Note Bullion Direct's recent bankruptcy.