Jonas Gehrlein (Web 3 Foundation) has initiated three concurrent referenda on the OpenGov Wish for Change track, with the intention of forming a consensus on Polkadot inflation parameters.
Referendum 1137 proposes maintaining a 10% rate, with a constant 15% of inflation going to the treasury.
Referendum 1138 proposes an 8% rate, with a constant 15% of inflation going to the treasury.
Referendum 1139 proposes linear inflation at a fixed number of tokens (potentially 8% of the current supply), and 15% of inflation going to the treasury. This would result in the rate of inflation lowering over time.