The myth is that inflation was caused primarily by this. It wasn't. Inflation is being driven by a combination of factors, the biggest being supply chain and war in Europe.
Yes, and the war has exacerbated, hence why I said a combination. The war, the supply chain, increased savings, government payments, corporate attitude. All of them have contributed, the supply chain, the war, and corporate attitude have contributed the most.
That's just how inflation works. The supply side is always trying to charge the highest price they can, when they can do it successfully that means people have more dollars or more demand to throw at those items.
In a non-inflationary period increasing prices will be met with less demand.