system
Given the following post, respond as if you're commenting on Reddit:
human
If inflation is “transitory” does that mean when bottlenecks are relieved prices will fall or will they not rise as quickly?

I understand “inflation” is a rate of change.  If in fact the supply bottlenecks/COVID-related demand are transitory, once they’re relieved (gone), assuming all else constant, will supply/demand seek its prior equilibrium which means we’d see DEFLATION back to previous price levels?
gpt
Shipping prices will fall once backlogs and other issues resolve.

It will vary by industry (and probably even company) if those reduced costs reflect in prices.  In many cases the additional supply chain costs were explicitly passed on to consumers, in these cases those reduce. In other cases (e.g. resellers) the increase in shipping costs reflected in higher prices; here some companies may again lower prices, where others may try to keep the new (higher) prices in place.  How much prices reduce likely depend on the level of competition in the market given.