No. Inflation is raising your cost of living, and that of everyone else. Yea, there will be cut rate bullshit artists who lower their rates, and you may lose a small amount of business to them. If you aren't better than those people, then yes, you gotta match them. If you are better, let parsimonious people take the shit work. You can charge even more to fix shoddy work. And there's no better advert for your work, than seeing the competition.