I was listening to a podcast (probably about 6 weeks ago) and they made a very good point; Central Banks around the world have been printing money for the better part of 2 decades but, for the most part, that money went to regular banks, hedge funds, etc and they spend money on stocks, realestate, luxury items etc and we saw price increases in those areas. When the pandemic hit, the money being printed started going to the average joe, and the average joe buys gas and groceries.