According to the way the government runs the numbers now, sure, we are about 3%. With the way the government used to run the numbers, which is more accurate, it’s way higher than that.
8% is nationally. Some people had a 1% increase, some may have seen no increase. Your anecdotal evidence doesn’t change that.
As for food, I see prices coming down at my grocery store now. 3% would be YOY since last February. Prices will always go up YOY in general. People tend to do a poor job estimating how much things have gone up because they have older memories of prices.
According to the way the government runs the numbers now, sure, we are about 3%. With the way the government used to run the numbers, which is more accurate, it’s way higher than that.
Not really, no? There’s no index that’s significantly higher than 3%
https://www.shadowstats.com/alternate_data/inflation-charts
This is the way inflation was measured in the 1980s and according to it, we are over ten percent.
CPI-U is 3%:
https://www.bls.gov/news.release/cpi.t01.htm
Well, it may be at 3%, but I certainly don’t believe that the actual number is 3%. I know my cost of energy and food has gone up by more than 3%.
Edit: The government last year said it was 8% yet when I recalculated my energy bill it had increased by 20%
8% is nationally. Some people had a 1% increase, some may have seen no increase. Your anecdotal evidence doesn’t change that.
As for food, I see prices coming down at my grocery store now. 3% would be YOY since last February. Prices will always go up YOY in general. People tend to do a poor job estimating how much things have gone up because they have older memories of prices.
As to the other metrics noted in that article:
https://www.usnews.com/opinion/economic-intelligence/2014/10/17/shadowstats-and-the-alternate-inflation-myth