Considering only inflation (supply growth), Ethereum's Proof Of Stake performs better than Bitcoin or the earlier Proof Of Work Ethereum.
Now the “emphasis” is shifting from burning “base fees”, to burning “blob fees”, so the more activity goes to L2s the less Ethereum's inflation will probably be.
Additionally, even if no fees were burned, Ethereum's Proof Of Stake basic inflation is lower than before, with PoW.
Source: https://x.com/ultrasoundmoney