In what follows, I will explain the reasons for my view while touching on the mechanism that lies behind inflation dynamics. The CPI consists of prices of a variety of items with varying price fluctuations. While there are various methods for analyzing the CPI, the one that focuses on the frequency of price changes in each item is useful.
With this method, developments in prices can be decomposed into those of "flexible CPI" and "sticky CPI" -- with the former comprising items with relatively high frequency of price changes and vice versa for the latter. Broadly speaking, the flexible CPI is mainly composed of goods prices and the sticky CPI is mainly composed of services prices.