Only certain products are affected by the recent "inflation" and even then the price varies based on where you buy stuff. In my opinion, the concept of price inflation is bs. Production ability/capacity in most post-industrial countries is consistent unless something drastic happens and even then there's rarely if ever any permanent setbacks. With the exception of disasters such as hurricanes, Covid-19, etc, prices are generally only set in a way to influence consumer spending in certain ways. This is probably the biggest issue with capitalist societies and why such societies are often very unstable.
I'd agree that government spending, at least at the current rate doesn't help the situation.