Overall, I don't think that the current issue inflationary rate will be a lasting one. While LL is pumping lots of $L into the economy it's really the rapid population grown (imho) that is driving the $L down. While annoying, it's not going to go on forever. Once the economy levels out, the inflation rate *should* adjust to a more predictable level.
Now, if the population growth rate were to level out and the devaluation of the $L were to continue, *then* I'd get worried.