For some definition of "Inflation". The original defintion was an increase in the amount of money. This amount can be seen here: https://fred.stlouisfed.org/

For some definition of "Inflation". The original defintion was an increase in the amount of money. This amount can be seen here: https://fred.stlouisfed.org/series/BOGMBASE https://fred.stlouisfed.org/series/BOGMBASE We are still in an experiment which started in 2008. Unprecedented amounts of money have been printed. All this new money creates waves throughout the economy. With all kinds of complex indirect consequences for prices of different types of goods and services. It will take many more decades to see how this experiment actually plays out. The rise of stock prices and the downfall of Silicon Valley Bank are just the first ripples we can witness.