To understand better STEEM, start here, read the report then go down to the comments and you'll find people who keep up with this topic. Before this, STEEM inflation was set at 50% of the original STEEM tokens sold at the ICO - way out of line as was seen after launch. Good luck.
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I do believe you are missing a link good sir.
I have actually begun my research on the matter, am I accurate on the fact that after the hard fork, the rate of inflation has since been adjusted to about 9.5% per annum decreasing at 0.5% each year?
The references I found for this :
STEEM Hardfork Version 0.16.0 Informative Post
What is the inflation rate of STEEM?
I am currently reading the post hardfork Steemit Whitepaper.
It’s an age thing! Ha!
https://steemit.com/steem/@steemitblog/final-review-of-steem-economic-changes
This should be a good place to start. Stay well.
Much thanks! I have found the same article and read the entirety of it!
I have drawn my own conclusion on the matter to your initial question and will reply there as to not get drowned out and invisible to others!