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Help me understand inflation / supply growth

Help me understand inflation / supply growth

Bitcoin Reddit

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Hi guys, sorry this is slightly off-topic, but I'm writing an article about Bitcoin and have a hard time understanding inflation.

Here are the European Central Bank numbers about the issued value of the Euro https://www.ecb.europa.eu/stats/policy_and_exchange_rates/banknotes+coins/circulation/html/index.en.html

Note that in Feb 2019, the Total Value issued was 1,210,772,383,165 for the bank notes (coins are too small let's ignore these for now). A year prior, Feb 2018 this number was 1,147,370,429,555. This is a yearly growth of 5.5%.

Yet, the inflation rate as shown here for example https://tradingeconomics.com/euro-area/inflation-cpi has been around 2% for the entire history of the euro (since 1999).

Shouldn't these two numbers be closer to each other? What am I missing? (Sorry I'm not an economist)

EDIT: Thanks guys, price inflation =/ monetary inflation!

submitted by /u/gonzales82
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