I had previously posted about this here: https://www.zapread.com/Post/Detail/6419
That metric was discontinued a few months after I made that post. So, how have things changed? A similar metric shows that the trend has not let up much since that initial round of stimulus.
That's a sustained growth that almost doubled the size of the initial spike over time. A considerable amount of money is being created. This is not unique to the USA either.
Inflation takes a long time to manifest, and you are likely starting to notice the inflation. The funny thing about inflation is that we measure it as a rate. This can be misleading since most of us in our day-to-day lives deal with one-time rates. If we pay a 2% surcharge on a $100 purchase, we think - oh great, an extra $2. BUT - inflation is not a one-time rate; it is sustained over time. That 2% (sustained) is compounding every month and year. Now what if it's not 2%, it's 5%, 10%, 50% - well, this is not a lesson in compound interest, but I think you should get the point. The price increase is much more than a one-time bump. Let's not even get into how it's calculated - exclusions include costs to eat, sleep, commute, or heat/cool your home.
This ride is far from over. The world needs sound money more than ever.