Do you think bike and parts prices will drop?
My guess: No, it won't, given too many disruptions and cost increases across the board, resulting in far too many embedded and largely irreversible changes that'll keep prices higher (in many cases much higher) than they were just a handful of years ago.
IF the cost structure of manufacturers, suppliers and logistics decrease, though ... sure. Economics 101, basically.
But that's a big "if." Fuel prices affect nearly every aspect of production and distribution. Until fuel pricing gets back to some reasonable level, everything made or transported with such fuels will cost more. Until the price of raw materials and salaries come down, then the cost of materials- and staff-intensive products will continue to remain high.
Aluminum. Steel. Rubber. Fuels. Synthetics. Labor. Transportation. "Fiat" currency inflation. Disruptions/delays due to Covid and the "ripple effect" of everything else that's going on. It's going to take a complete "sea change" in the economy for significant price reductions. Even if it does eventually occur, it'll take a long time.