In my opinion, one of the factors that inflation occurs is that all needs go up but the financial system does not support it at all as now the crypto market everywhere has started to decline, it is not worth it. inflation will continue to increase if the world market continues to experience a crisis so that the bear market will also be bearish.
you're somewhat right about the whole scenario, lets take a look at how fiat currency depreciate commodity items in value, we all believed that once there's inflation, the price does not go back to the initial rate for all commodity which is one of the affecting factors government refused to consider in tackling against the impact of inflation on the economy system, bitcoin is an entire different approach, when it goes volatile, the prize of commodity items does not change or increases but instead it is maintained, it's the price that moves under the demand and supply of bitcoin and people have the opportunity to make profits from such while the impact of fiat causes inflation to the economy.