Yes. We Americans have the collective memory of a Mayfly and the inability to pay attention to things that drive actual inflation that take a lot of time to resolve, like bad housing policy, logistics logjams, and starving the beastly budget needed for oversight.

Could be, or the Ukraine war, the pandemic, or some other policy

It's nonfalsifiable. People will settle on the simplest observation:

it happened under Biden

of course. And this was a failure of messaging by dems