A global pandemic causes production and demand to fall, globally. As the world comes out of the pandemic, pent-up demand rages. There is a subsequent lag in production capacity and supply chains suffer (another global problem erroneously blamed on Biden). When demand outpaces supply, you get inflation.
When someone told me, “Your broker is on the phone,” I replied, “would that be my stock broker or my pawn broker?” The times we live in.
thanks for the concise take, & truth about inflation!