The analysis I've seen always has supply crashing (lock-downs, which are over) then recovering and in the case of manufacturing, being higher than even before t

The analysis I've seen always has supply crashing (lock-downs, which are over) then recovering and in the case of manufacturing, being higher than even before the pandemic. Inflation should have mostly stopped if that was all there was to it (or never happened because demand would go down too when people can't get paid). However demand crashed less, recovered more, and has kept right on going up way above per-pandemic levels and faster than the increasing supply.