It was not so labeled. My discourse covered the descriptors usually used, yours listed none of them. And anyways, even using BLS numbers, we have already heard the proverbial "13th Stroke of the Clock"...and have as Mark Twain said, exceedingly grave doubts about the accuracy of the preceding twelve. Just look to the issue of motivations. E.g.,
Yada yada yada, "because the GOVERNMENT tells you you're better off than ever"....yeah right.
How about first subtracting that Government Debt from the "Good Times", GDP? Cheap credit has masked the major problems. This has proved to be America's version of "muddling through."
IMHO, it Looks like "Party time" is just about over. I suspect major price shocks are imminent and Inflation will become again the big bugaboo in Washington, because employees are not going to sit still for $3.00/gallon gasoline and $16/lb sirloin...without demanding wage increases...triggering the dreaded "spiral." And until the destruction of US production and productivity is ended (the "Production Holiday") and import-dependence is ended, we will likely descend into and persist in a serious stagflation.
The previous comments indicate a fundamental misunderstanding of what inflation is and what causes it.