>money supply had the big upward adjustment in 1H2020 and inflation kicked in in 2H21 Inflation is not an instant phenomenon, it takes time from the point of m

>money supply had the big upward adjustment in 1H2020 and inflation kicked in in 2H21 Inflation is not an instant phenomenon, it takes time from the point of money generation, to money distribution, to inflation. Money don't travel at the speed of light, and that delay you see is exactly what you would expect.