[M1 (M1SL) | FRED | St. Louis Fed (stlouisfed.org)](https://fred.stlouisfed.org/series/M1SL)
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so that looks like it’s a graph of the money supply in circulation (ie in the hands of the general public)
how much something costs reflects it’s supply and also it’s demand and the ability for consumers to pay.
when more people have more money, things get more expensive, since each unit of money is less valuable. from 2020, the money in circulation went up by 4x. so prices went up as a result of everyone having more money. although each individual didn’t necessarily get 4x as much money.
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