You missed the effect of free energy. Specifically domestic and community solar, it is pushing down utilities energy business, adding valuable economic product which can be in the form of hydrogen fuel, and even hydrogen activated food (See "Solein"), but not a cent is issued on it, unless we count stimulus issued during covid.
Inflation isn't really going down, it is still on a general trend of devaluing money completely, as it has to, as long as the most valuable energy product continues to scale up, yet the Joules from it are unmonetised, no matter what they create, except proof of work crypto, there is the exception, and the proof that energy converts directly to money, exchangeable for fuel and food, from free energy.
The game is up for capitalism, it won't last much longer, now it is being replaced by something new, Energyism. We will see good things by that which we can barely imagine right now, but it is on its way in, no way round it, barring maybe nuclear war which would end everything anyway.