Remember, the inflation rate HAS NOT CHANGED at any time since Bitcoins were worth less than a penny to when they were worth $30. The fact is that their meteoric rise earlier this year occurred in the exact same inflationary environment.
This is not quite correct. The inflation rate has in fact been steadily declining. From block 0 to block 1, the annualized inflation rate was infinitely large. From block 1 to block 2, the annualized inflation rate was 5,256,000%. Currently the annualized inflation rate is ~35.7%.