I don’t think increase in money supply is the only factor that contributes to inflation. Its been a while, but I think inflation is caused by a combination of f

I don’t think increase in money supply is the only factor that contributes to inflation. Its been a while, but I think inflation is caused by a combination of factors, including the availability of a currency, demand for that currency, availability of goods and services that can purchased using that currency, etc. An increase in supply of the US dollar, may just be due to the increased demand for the currency, as well as increases in the availability/demand for goods and services (e.g., reduction in scarcity).