People thought all the QE during the financial crisis would cause inflation. It has and it hasn't. It has because you just need to look at how asset prices (sto

People thought all the QE during the financial crisis would cause inflation. It has and it hasn't. It has because you just need to look at how asset prices (stocks, houses, etc.) have increased. It hasn't because conveniently many governments don't include asset prices in their calculations of inflation. So although food prices for example haven't shot up and officially rates of inflation have remained low, asset prices have shot up.