

That is an extremely simplified take of what inflation is.
Here’s a fun example as to why just saying “inflation means prices go up” doesn’t make sense, what happens when a group of companies conspire to raise prices simultaneously? Is that inflation or is that price fixing? https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
I suppose my point is if we put any cause of rising prices under the “inflation” umbrella, it gives people the wrong idea as to the cause. Rather then just specifying what is causing prices to rise, people just say “it’s inflation.”