Because my grocery bills, utility bills and monthly expenses for normal living are up ~10% from 2020. I live in a MCOL city.
Right.. yet it’s 2024 as far as I’m aware and inflation is tracked on a rolling 12 month basis.
If it was only 10% during those 3 years, it’s approximately 3.2% per year which is close enough (of course the official inflation was actually much higher than your’e implying..)