As per the screenshot, what does the bond yeld curve change from the beginning of $2020$ as shown by the yellow line, to July of $2023$ as shown by the green line imply about inflation?

A$.$ Since short$-$term interest rates have risen significantly, inflation must be lower

B$.$ Since short$-$term interest rates have declined significantly, inflation must be lower

C$.$ Since short$-$term interest rates have risen significantly, inflation must be higher