I'm not up to date with whether flu deaths are up or down this year
There has been effectively no flu this year.
So the excess deaths look less excess because many fewer people are dieing from non-covid reasons, and the balance has so far been sufficient to not make any week an actual statistical outlier.
That will change, and also of course at different timescales you will also have outliers which aren't there over a single week, having one week with extra deaths isn't that unusual, having 4 weeks all with extra deaths is.
But so far deaths are nowhere near as much of an outlier than in the spring.