Comment: Excellent Question

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Excellent Question

A look at any long term chart (going back to 1900) would show how the RATE of inflation has actually been declining. This is called "disinflation". Despite the fact that the dollar has lost some 94% of its purchasing power since 1913, more than half of that loss appears to have occurred BEFORE 1950.
Be prepared for a possible trend change from disinflation to outright deflation. Not sure how long it will last, but it has happened several times before: