Monetary inflation is real inflation. Price rises are price inflation. Monetary inflation occurs when central banks print too much fiat currency. Too much of anything devalues the existing supply and thus it is with money.
This is an Austrian economics interpretation of inflation. Austrian economists are free-market oriented economists. Another popular definition of inflation is named Keynesian after the famous power elite poster-boy economist, John Maynard Keynes.
The Keynesian view of inflation is that it is a rise in prices. Keynes often explained inflation not monetarily but through economic circumstances that lacked logic but surely sounded impressive. He postulated that when unions or individuals wanted more money because times were good, they demanded it of employers and this development Keynes labeled "wage push."
Thus, from Keynes's point of view, at a popular level anyway, monetary inflation was primarily a function of various macro and micro economic factors. As various aspects of society in a sense colluded to demand more money of employers, prices went up.
Of course, this doesn't explain where money COMES FROM in a modern economy and that is where the base of the fiat-money Ponzi scheme – the rot in the basement – begins and ultimately ends. In actual fact, today's dishonest power elite-controlled monetary system, having successfully removed honest money's natural inflation-curbing ability, creates endless amounts of "money" from nothing. It is called fiat money and it is backed by no asset other than the faith of the citizens who have been purposely mis-educated about what real money is and what it is not.
In modern mainstream media reporting you will rarely if ever find a distinction made between inflation and price inflation. Inflation is always treated as a rise in prices. But in fact it is the unhindered CREATION and CIRCULATION of currency by central bankers that can be declared to be the cause of inflation. Once gold and silver were "legally" removed from anchoring all of the world's paper money units, the fiat-money engineers roared their printing presses into overdrive and their ultimate agenda elite of installing a one-world government became financially feasible.
It should also be noted that it is not enough merely to print currency and distribute it to commercial banks. There has to be demand as well – as in any Ponzi scheme. Consumers need to have the desire to spend. If they do, then banks can lend and the resultant MONETARY VELOCITY will drive up prices as more and more money pours into the system.
There is a big distinction between monetary and price inflation. Unfortunately, it is a distinction that is rarely made.