Is that calculated in a way that takes into account that we blew out the spending in 2020 and 2021 to an insane level, and therefore the rate is lower than 2019 because 2020 and 2021 was so huge?

That's like saying look at the small rate my debt is increasing because I went from adding 1000 a month to spending 100,000 a 3 months ago and I'm only adding 99,000 this month.