Is new STEEM generated too fast?

From current steem code:
auto new_steem = ( props.virtual_supply.amount * current_inflation_rate ) / ( int64_t( STEEM_100_PERCENT ) * int64_t( STEEM_BLOCKS_PER_YEAR ) );

the factor:virtual_supply (basically means total supply) in the new_steem formulat is growing every 3 seconds, and the current_inflation_rate is decreasing very slow, means the system is printing steem token faster and faster!

If my calculation is right, then the token generation is too fast!!