No. Even in the modern definition I'm arguing against here, this isn't right. The cost of goods is just a number, inflation in the CPI sense would be the rate of change of prices.

> Inflation Contributors:

30% money supply

30% was corporations raised prices specifically under cover of people blaming the government. This was actually listed on earnings calls, for profit.

30% supply chain shortages.

Where's the last 10%? And how do you come up with such specific numbers? Economies are extremely complex, I don't believe you could have untangled them so precisely or that the numbers behind it would be so evenly distributed.

You said Inflation was Money Supply, I said it was the cost of what you are buying. YES, technically it is the "change" in the cost of what you are buying. Congratulations. I assumed that was understood.

Percentages.

Nothing is exact. There are ranges, and really more than 3 factors. I was going off memory. Congratulations again on your discernment.

More ball park:

"" While pinpointing exact percentages for each contributing factor to inflation is complex and can vary significantly depending on the economic context, a breakdown of major contributors could include: high demand for goods and services (30-40%), supply chain disruptions (20-30%), labor cost increases (15-25%), rising energy prices (10-15%), government spending (5-10%), and currency devaluation (5-10%); however, these percentages should be interpreted as a general guide and not a definitive breakdown"

The point is, it is not Biden's spending, that is just another misleading right wing talking point. (lie)