I wonder how saving money can help with inflation. Because even if I save money if the prime commodities increase, maybe the money I have saved will for sure be used up in a short time. Maybe, our government officials are able to manage inflation well and properly, what you say is for sure that will help somehow in my opinion.
And if we are facing inflation today, maybe somehow investment can help us and it depends on what category we choose, it can be real estate, business, Bitcoin or top cryptocurrency in the market, or Gold.
The mindset is that if people do not spend their money and instead save it, then "things" will lower in price and that's why it will help stop inflation. If we all spend money and if we spend even more than we used to just to get something then the price will go up, if you are willing to pay 100 bucks to get that thing, then the price is 100, but if you do not want to buy it, then they will offer it to you for 90 or they won't be selling it at all, if you still do not buy it then it will drop to 80, or worst case it will stay at 100 because it was unsold there anyway.
So, saving money as a whole community instead of spending it means that the price will go down or stay the same and I do believe that it is the main reason why interest rates go up, so we put our money into savings instead of spending them.