It is undoubtedly. There's no question that the Bank of Canada acknowledges that inflation is caused by demand outstripping supply. Demand growth was deliberately fuelled by what was believed to be stimulative fiscal and monetary policies during the pandemic. The pandemic obviously did some damage to supply, more than economists thought, so it's the combination of the two.
It's quite refreshing—you should look up what Mervyn King, the former governor of the Bank of England, said. He very clearly stated—unlike a lot of the obfuscation you get from central bankers here in Canada—that we increased the money supply, which increased demand, and that increased inflation. It's that simple.