Real inflation has been over 8% for a long time, they just didn’t let it hit consumer prices at full impact till recently - instead it got aimed at places they wanted to bring into the communist revolution so they could agitate one sector at a time. While that’s going on, they report CPI as 2%, when CPI is just whatever they want it to be. “Price of eggs got too high? That’s not in CPI anymore. Hey check it out, CPI is only 2%! Yay for our president! Ty Fed!”
There’s a site called shadowstats that shows real inflation, surprised it never comes up here
https://www.shadowstats.com/alternate_data/inflation-charts
Real inflation has been over 8% for a long time, they just didn’t let it hit consumer prices at full impact till recently - instead it got aimed at places they wanted to bring into the communist revolution so they could agitate one sector at a time. While that’s going on, they report CPI as 2%, when CPI is just whatever they want it to be. “Price of eggs got too high? That’s not in CPI anymore. Hey check it out, CPI is only 2%! Yay for our president! Ty Fed!”