The reason flr the inflation is propably the near-global lockdown in 2020 and the supply chain problems that occurred then. The US started printing a lot of money to protect the economy. The EU and China followed suit and also printed a lot of money. So did the UK. So exchange rates stayed about the same.
It takes a while for printed money to have an effect on prices.

Now energy prices have risen sharply, but they will soon become cheaper again. At the moment, due to a maintenance of most French nuclear power plants that started in spring (they had found corrosion during an inspection of one nuclear plant and then wanted to look for similar damage at all other nuclear plants), there is less electricity than usual in the EU.
In the winter, the French nuclear plants will come back online with enough capacity to co-supply Germany.

Germany’s gas storage facilities are already more than 2/3 full, which means we can get through the winter quite safely without freezing. In spring 2023, port facilities specifically for LNG (shippable liquefied natural gas) will come on stream, making us even more independent of Russian gas. In the past, natural gas was available so cheaply that it was not economically worthwhile to develop and operate certain gas sources. With higher gas prices, it will become worthwhile, i.e. global production of natural gas will initially increase and the price of gas will therefore fall.
In this expanded gas market with moderate prices, Russia will have to sell gas in the future, at even lower prices than before, thus further depressing the price of natural gas. This is something we as consumers can look forward to.

In 2023, the war in Ukraine may also have already been decided. The sanctions against Russia will probably remain. If the EU provides some sort of marshal plan for Ukraine to rebuild infrastructure, that will put a lot of financial strain on us, so money may continue to be printed. In the long run, however, Ukraine’s construction and integration into the EU is probably a plus.

Monetary reform in the eurozone is bunk. Inflation will return to the 2% a year level. If not in 2023, then certainly in 2024.