Bug report: List item continues after the image when image is added under it

I created an (indented) list and added an image under one of the items. Since the list item is longer than the paragraph width, it continues in the next line but under the image. In other words, when list item is longer than the paragraph width, the image is inserted in between the two lines of text.

Here is the print-screen of how it looks.

I’m pretty sure those two words are actually aligned to the bottom of the image, which is on the same line as the text.