Apples and oranges were just an example to illustrate the problem with the CPI, which is what most people mean when they say "inflation", after which the US CPI

Apples and oranges were just an example to illustrate the problem with the CPI, which is what most people mean when they say "inflation", after which the US CPI is used extensively, including lots of historic data on variance. I can only conclude you didn't read the whole article or you're making a rhetorical point in lieu of an argument because the conclusions are uncomfortable. I actually agree that price rises like oil are not really inflation - what Keynes would call semi inflation. Regardless, oil price rises were not due to money supply and the subsequent monetary shenanigans are just economic theatre (and even that is being questioned at the inner sanctum: https://www.federalreserve.gov/econres/feds/files/2021062pap.pdf https://www.federalreserve.gov/econres/feds/files/2021062pap... )