How did you arrive at a 24% inflation rate? The emission rate is just above 8% right now and it is reduced by about 0.5% per year until it reaches 0.95%. I understand that the conversion of SBD to Steem increases the supply but that is offset by the fact that the emission rate is lower during the times that SBD is "printed".

In reality the emission rate is below 8% right now since the SPS is printing SBD instead of Steem. In the aftermath of the bear market crash from the end of last year a huge amount of SBD was converted to Steem during the following months but that was a one off event. Saying that the inlfation rate is 24% does not paint the whole picture.