But what if what we are seeing is in truth fiat-inflation?
There has so much money been printed and it is out there and yet the inflation is just at 15% since 2008 while the amount of money has increased by about 500%.
https://fred.stlouisfed.org/series/BASE?cid=124Which means everything in dollar should theoretically cost about 5 times as much as it does today. Imagine 15$ for a coffee
That's not really how it works, if the supply of money is met with a growing economy that absorbs the new money you don't get inflation.