People had money, and then they didn't...

The savings rate exploded when the pandemic hit and the government gave people money.

Well, that has come and gone and now we are lower than we were before...

(Source: https://twitter.com/Bitcoin/status/1598367589394448384/photo/1)

This is why we had inflation and why inflation is going to be gone very quickly.

If the war would wind down inflation would also go lower than it was prior.