Yes, and that was when we had real numbers.
Starting in 1999, the changes to a “basket of goods” to manipulate the real inflation rate down. The reason the US Government did this was simple. By law the Soc Security annual cola is set to the inflation rate. If they actually measure honestly, the US governments would basically be paying everything just to fund the COLA increases year after year.
For example, Grocery and energy prices are currently anywhere from 50-100% higher then it was in 2019.So the “official numbers” the US Governments puts out for the inflation rate are utter nonsense compared to what people are paying in their day to day lives for necessities
We don’t have the pain of 20% inflation, but it’s bad. But the current inflation, the Fed was stupid for 20 years. You can’t keep interest rates that low that long, and not expect inflation. It’s amazing it took this long.