No, inflation is a generalized increase in prices / decrease in purchasing power for goods and services. Many people believe that this kind of broad increase in

No, inflation is a generalized increase in prices / decrease in purchasing power for goods and services. Many people believe that this kind of broad increase in prices can only be driven by the expansion of money supply, but this is a contested thesis, not the definition of inflation. (For what it's worth, I tend to think it's correct.)