I probably would have given this a full-throated endorsement just a couple years ago, but after years of improving safety standards that drove down the number of automobile fatalities, we've seen two years of massive increases (7% in 2020 and then 10% last year [0]). And that pairs nicely with my anecdotal experience, which is that people have lost their fucking minds on the roads. (And also, more controversially, coincides (with utter predictability, in my view) with a massive drop in traffic stops by law enforcement.)
10% increase in my city with the numbers it sees could mean just two additional cycling deaths a year. That's the thing with these statistics, the numbers are so small to begin with, that just a few more events are liable to lead to huge percent increases. These few more events could well be within the variance of this measure you observe year over year, and may not be a real trend.
And across the entire nation of 400 million people, there were 900 cycling deaths last year. Like I say, in my region, there are usually only a dozen or two.
[0] https://en.wikipedia.org/wiki/Motor_vehicle_fatality_rate_in...