Since we have all been talked into the idea that there is no inflation, I thought that it would be a good idea to take a look at the facts.
We conditionally formatted a spreadsheet with to show the inflation trend over the past several months. The darkest green represents the lowest inflation and the darkest red shows the highest change in the inflation rate over time. Each line is independent so that we can observe the changing dynamic rate.
As an example, take a look at the United States. The rate of inflation has gone from 1.6% in January to 2% in July. Therefore there is an increase in inflation shown in the latest reading.
Take note of the fact that the last column shows a good deal of red. In other words, there is a slow creep happening.