Yes high prices show's inflation but look the loans and credit that's all the money what is owned to banks from people and business enteties.

Even If there is low loan rates by fed or central banks the commercial bank rates are still % higher then money money is in the existing.

So in other words everbody owns more then money is in circlelation that makes money sacred and it has hidden deflation factor not inflation.
The value of money is high because debt can't be paid back never so that will make people to fight with each others over the few dollars eur or GBP to pay their debt.

But you need to pay back more then money are in the existince at all so by designe it's a scam and those who don't get money from others enough can't pay their debt+ % wich is more.

Yes central banks might lower rates but still you have to pay back more

Just look the UK mortgage rates they are higher then all the real money existing, so there is no inflation in UK and GBP in that sense is like GOLD or BTC limited supply and with high demand.

My GOLD and BTC are fiat currencies because there is demand for them to serve debts and tricky part is that there is not enough money to serve debts the weakest ones will lose only the strongest ones could serve their debts