There's always been a bit of inflation going around averaging around three percent a year. More recently, that's been more than doubled to almost eight percent in february of 2022 because of all the free stimulus money. The government prints out to people during the pandemic in order to limit the damage caused by the pandemic. The federal reserve stepped in to create money out of thin air in order to stimulate the economy.

It's estimated that around 80 percent of all u.s dollars in existence now were printed in the last 22 months, totaling around 16 trillion dollars, and when that excess money gets released out into the world, prices go up and our purchasing power goes down. Then boom. You have inflation.