Context. EX Lupi is the prototype by which EXor-type outbursts have been defined. It has experienced multiple accretion-related bursts and outbursts throughout the past decades, and the study of these events has greatly extended our knowledge about their effects. Notably, this star experienced a new burst in 2022. Aims. We aim to investigate whether the recent brightening was caused by temporarily increased accretion or by a brief decrease in the extinction and study the evolution of the EX Lupi system throughout this event. Methods. We used multi-band photometry to create color-color and color-magnitude diagrams to exclude the possibility that the brightening could be explained by a decrease in extinction. We obtained spectra using the X-s...