This is unfortunately another one of those cases where the “government” + sycophantic institutions are essentially and deliberately fudging the numbers to make people believe something other than what is really happening, in essence, essentially also committing fraud. In the case of inflation, one way the trick works is that the basket of goods and services that are used to calculate the inflation are not at all reflective of the lived experience of regular people, let alone of most people.

It’s not really all that different than the fraudulent way in which the intentionally deceptive unemployment rate is calculated that is pushed by all the governments’ sycophants. In the USA that process drops people from the calculation by simply assuming disinterest in employment if one has been unemployed for a certain time (yes, it’s intentionally deceptive and manipulative, largely to defraud and cheat the markets and countries that are honest about their unemployment rates).

ShadowStats has been tracking the real inflation rate for a few decades now since a major change was made to fudge the number. It should be pretty eye opening for some people.

http://www.shadowstats.com/alternate_data/inflation-charts

On a side note; it strikes me as a rather perplexing challenge that people seem to have a hard time adjusting their thinking to control for deceptive and manipulative practices, e.g., everyone who pays attention knows very well that the U.S. governments inflation numbers are literal fraud, yet they are the very number that drives so many aspects of everything. It’s like that meme scene in Idiocracy … “but fraudulent inflation rates are what the market craves” … “yes, but they’re causing illusion and deception to spread throughout the system that will cause collapse and ruin“ … * blank stare * “but fraudulent inflation rates is what the market craves”