The "transitory inflation" reminds me of the introduction of US federal income tax in 1913. They called it also a temporary tax.
Driving your Tesla wouldn't have been nearly as much fun on the roads available in 1913. Then again, 1913 was itself transitory being followed by 1914 which introduced us to a new term, World War. But, then came 1915.
I guess to be fair, a lot of things changed in the 108-years that have followed since 1913. Then again, a lot had changed during the 108-years that preceded 1913. In 1805 Jefferson was president and Lewis and Clark were trying to discover what lay in the wilderness west of the Mississippi River.
I guess a great many things change over time.