I think you are forgetting to add money printing and helicopter money, which, on the current situation are the factors that are making inflation rise,
I have mentioned in my post that government only find it suitable to print more and more notes to tackle these fiscal deficit and making the fiat worthless in global market which in turn in contributing immensely to the hyperinflation situation.Many poor countries are facing such situations and it's really shocking to see million dollars bills also being printed to buy stuff like toilet paper only.Imagine the situation in that countries and bitcoin could be great relief for them and boost economy as well.The government policies are not going to work in monetary relationship with these money printing schemes.
along with many people who have forcibly saved during COVID as their income was mostly protected and they are eager to go out, buy stuff and treat themselves. In Spain, that takes the shape of the "botellones", in UK it means full Pubs and TK Maxx sales.
I don't what situations you have come across but speaking of myself people have consumed their savings more in this Lockdown because there were loss of jobs and no work was around setting aside the corporate sector which started Work from home policy and were paying salary to staff but they also have cut off in staff.Infact all sectors were facing similar situation and people were tend to use the Savings to buy the stuff they needed and that's why economy witness diminished growth rates in these times.But yes those who have saved are eager to travel around and spend on stuff they want.But there are different preference and conditions of people.