Inflation is price increases. It is caused by increased spending (demand-pull) (e.g. basic income) or increased costs (cost-push) (e.g. the 1973 oil crisis). M

Inflation is price increases. It is caused by increased spending (demand-pull) (e.g. basic income) or increased costs (cost-push) (e.g. the 1973 oil crisis). Milton Friedman's idea that it's only ever caused by an increase in the money supply needs to die already. It's always been wrong.