The yields on bLEO and pLEO are way way higher than LEO inflation itself.
You're also ignoring all the buy and burn mechanics
and the fact that having access to a metric shit-ton of Hive is super valuable.

This is the kind of attitude we see when the price is going down,
never when it's going up.

The price goes up and down for reasons that have nothing to do with inflation.
Stop blaming inflation.