I think the AP’s will remain high, maybe lucky that they fall a bit but as with the cost of energy that effects our heating, cooking and lighting at home all manufactures are also facing those increase and they have to pass them on and while inflation might, if were lucky, start to go back down next year, like all prices rises, they go up faster than they come down.
As for chip shortages I remember reading last Spring it would all be over by Q4 21 but I’ve also read about the Q3 22 reports saying it will be all over by then but a pinch of salt needs to be taken with that.
All the Western countries have woken up to how dependent we are on the far east for micro chips and we’ve started to build new chip factories on both sides of the pond but they take 3 years to get to production with at least another 18 months to go for the Texas factory to be up and running and with Europe just waking up to it this week so no holding your breath for now.
This BTW this how I personally see things trying to read between the lines of all the BS and half truths in the media.