There seems to be one of these threads every few months.
Regarding inflation, the number of points doesn't really mean that much. Who cares if its 10 points or 10000? What is important is how much you pay and what that gets you.
I find that when I average out the money spent across paid and redeemed nights, my average is still around GBP 50 a night and this hasn't increased for the past few years, so for me there is no effective inflation.