Inflation metrics as reported by the Fed are entirely disconnected from what the average consumer is actually facing.
Higher education, housing, and healthcare costs are the biggest expenses one faces in their life and the Fed ignores these to justify money creation.
Fortunately for the 1%, that money is used to buy assets mostly owned by them.
This is about real people in the real world, it’s just not necessarily current prices, and it’s an average. The average experience isn’t going to be all that relevant to you if you do need to pay current prices.