The Chapwood index shows about a 10% annual inflation rate over the past 5 years. Whether this figure qualifies as “tremendous” is up for debate.
These are the real inflation indexes from the federal government.
Two different price indexes are popular for measuring inflation: the consumer price index (CPI) from the Bureau of Labor Statistics and the personal consumption expenditures price index (PCE) from the Bureau of Economic Analysis.
The annual inflation rate in the US eased to 0.1% in May of 2020 from 0.3% in April.
https://tradingeconomics.com/united-states/inflation-cpi
Inflation is virtually non stop existent right now.