Inflation is a lagging metric. Inflation of 8%, means prices today are 8% higher than compared to a previous time. Holding onto cash when inflation is at 8% wou

Inflation is a lagging metric. Inflation of 8%, means prices today are 8% higher than compared to a previous time. Holding onto cash when inflation is at 8% would be the good option, provided prices drop in the future (ie you're not losing 8% on holding your cash currently when inflation reads 8%, rather it's cash compared to last year which has lost 8% if you spend it now). As to whether we'll get inflation or deflation in the future, look to the Fed, they are the biggest market participant. Future is what matters, not the past.