Inflation can sometimes be analagous to the "boiling frog". It gradually creeps in and slowly climbs. The term inflation is often debated. I align with the Austrian economic definition that inflation is the "expansion of credit". Deflation, the opposite, would be the contraction of credit. Traditional economic theory would state that inflation is the rising of prices and deflation would be the opposite. Austrian inflation can definitely lead to the rise in prices.
Our credit expansion since 1982 resulted in a significant rising in prices....homes, cars, food, fuel, stocks.... The Federal Reserve continues to expand credit at record levels. Prices could be heading to a new level, hyperinflation. I just received my medical insurance renewal that included a 20% increase from last year...... Are we that boiling frog!