Is Monero infinite supply?

Can you clarify for me if Monero has an infinite supply? It's an important aspect to consider when evaluating the long-term potential of any cryptocurrency. With Bitcoin, for example, there's a finite supply of 21 million coins, which many argue contributes to its scarcity and potential for appreciation. Does Monero operate on a similar principle, or does it have an unlimited supply that could potentially impact its value proposition?