Inflation at work. Anything you buy later to replace it -if that’s in the cards- will be similarly inflated.
The Fed wants any and all inflation. It's the only tried and true method of shrinking debt.
So far, all they have been successful in inflating are asset prices and commodities they can call "transient" with a straight face. Pretty soon, they are going to be able to stand up and proudly proclaim "inflation" is running well ahead of their targets, kind of like they won a race or something.
Prices of all things are heading in one direction. That is, of course, until they actually have to start tightening monetary policy and the assets they have already inflated, maybe have to get sold to buy bread.