• utopianfiat@lemmy.world
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    10 months ago

    It is caused by this

    And supply shock, and wage growth, and tons of other things. You literally said “inflation is an increase in the money supply”

    • Knock_Knock_Lemmy_In@lemmy.world
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      10 months ago

      Again, you are giving examples of price changes in specific goods, not inflation.

      Supply shock - is specific to the asset experiencing the shock. This is not inflation.

      Wage growth - the specific asset here is human capital.

      Inflation is when all prices increase, or equivalently, when the buying power of the fiat currency reduces. I.e. when more money exists than there was before.