I don't think GPU pricing is reflective of the broader economy, sorry to say. If you see milk, bread or gas doubling in price every 3 months, then that is hyperinflation. This is a sad idiotic situation caused by lack of planning between Nvidia, AMD and TSMC and a lot of bored idiots at home afflicted by scalperitis....
I import directly from overseas in bulk (containers) and can tell you I am getting price increases on items that have had the same or downward pressure for quite some time (years).
Whether this is because Things Suck with a Side of Pandemic globally or because of a weakening dollar, we'll see.
Thankfully, the things you mentioned - food and gas - we can, unlike most of the world, create here in volume.
Let's track things like rent and health insurance in the coming year and compare them to the federally posted inflation rates...
That said, a good portion of my brain thinks you are right too and hopefully by later this year GPU prices, at least, might be back to something like normal.