A little known fact is that ETH's maximum theoretical inflation rate decreases over time as it's a function of the total supply. As total supply increases, the maximum theoretical inflation rate also decreases. At 120.5M ETH, it is 1.65%. At 220M, it is 1.22M ETH. Note this is a theoretical maximum, in the event that: 1. 100% of ETH is staked 2. The amount of ETH burned from the EIP-1559 base fee is zero, due to very low onchain congestion In practice that means ETH's inflation rate right now is often below 0.5% and sometimes even negative.