This is only half the story. Inflation is measured based on the prices of goods in the wild. Yes, prices can increase when the value of a dollar falls based on the supply of dollars increasing. At the same time, the price of a good can increase when supply of the good decreases. We're in an era of unprecedented supply chain disruption due to covid, so it would be wrong to forget to account for this side of the story WRT inflation.
This is only half the story. Inflation is measured based on the prices of goods in the wild. Yes, prices can increase when the value of a dollar falls based on the supply of dollars increasing. At the same time, the price of a good can increase when supply of the good decreases. We're in an era of unprecedented supply chain disruption due to covid, so it would be wrong to forget to account for this side of the story WRT inflation.