Is the relationship between money supply growth and inflation positive or negative

You are given the following data regarding money supply growth in 2016 for a range of countries. Please find, for the same year, 2016, the rate of inflation of consumer prices. Then, in a graph, plot the money supply growth in the horizontal axis and the inflation rate in the vertical axis. Is the relationship between money supply growth and inflation positive or negative? Why?


Country Money Supply Growth in 2016


Nigeria 11.6%

Brazil 12.4%

Chile 4.9%

Ghana 22.5%

Pakistan 15.6%

United States 3.8%

Turkey 17.7%

Thailand 4.4%

South Sudan 142.7%

Hungary 6.9%


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