You might be right but I doubt it. There's been QE of various forms for the last 12-13 years without this happening. But in the last 12 month energy prices hav

You might be right but I doubt it. There's been QE of various forms for the last 12-13 years without this happening. But in the last 12 month energy prices have jumped 25% in the US. That's going to have both a direct and indirect impact on CPI inflation. There is still likely to be some underlying inflation, not attributable to energy prices, but it's only going to be a couple of percent. Now if your argument is that the energy price rise is a direct consequence of QE, I don't see the link. And it would need to explain why energy prices have gone ballistic everywhere else too. But there may be a link I'm not aware of.