Annual CPI: 6.2%
Some private economists are estimating “real inflation” at 9% to 16%, far higher than the government’s CPI figure.
Politicians and economics “experts” spent early this year telling us there was not likely to be much inflation, or it would not be sustained: they were wrong or lied.
According to the linked news report, President Biden suggests price hikes are due to “market manipulation or price gouging”. Hmmmm….