This is happening in the entire world, not only in the US.

Real inflation in consumer prices is way higher than what's in the actual official "inflation" number, which doesn't really help to understand real change in prices.

This is because for the calculation there are many things not considered that people still have to pay for, and most importantly, they simply substitute goods when they get too expensive.

For example, one year they might use wagyu beef, the next year they can swap that for standard beef, then the next year they might use chicken, then the next year just beans, and so on, and since the price hasn't changed they can simply say that their "protein" item has only went up a bit. That's the actual number they show as inflation.

The rate of change and gap in standard of living over the years globally is alarming... We had a group discussion about the standard of living and increase in price of goods/commodities, food and transportation, the figures were really heart breaking..

Back here in Africa and Nigeria to be specific salaries and renumeration packages in general has remained the same over the past twenty years, while standard of living ranging from the aforementioned inclusive of accomodation has grown by over 1000%..

Not add the decrease of the Nigerian naira to the Dollar by over 500%...

That's why it's SATs stacking for most of us...

The issue with inflation is that it is artificially inflated.

There are businesses in my region that have doubled the price of their services in the last year. Did their cost doubled or are trying to rob me?

How can "food at elementary and secondary schools" be up 250%? Where does that increase come from? Crazy number

Way worse in Canada, e.g. fuel is still +50%