[SmokingJoe]

Again the CPI is calculated by the Bureau of Labor Statistics. Period.
It's been refined and adjusted through the years taking account of the basket of goods/services that the average family spend their income on.
We can't have everybody coming up with their own little indexes. That is why The Bureau of Labor Statistics is the officially recognized one.
And the CPI index for May was 0.1%, down from 0.3% in April. Inflation is very very low.
You can read all about it here.
https://www.bls.gov/cpi/

As for the economy, it's going to have spectacular growth between now and November . And the record new job creation figures will continue right up to the elections in November.
Everything is looking great for a very nice Trump win come November.

[Pelham]

I don’t disagree. CPI is at least a standard benchmark to work off of and it’s built from the widest collection base of any inflation calculator.

Businesses and investors need a reference point and that’s all that the CPI offers. If you think it’s underestimating inflation then buy some hedges.

30 yr Treasuries are currently yielding 1.45%. Bond vigilantes aren’t in the habit of buying bonds with negative yields; meaning that inflation is lower than that.

Inflation plus Real Yield = Nominal yield of 1.45%

In 1981 inflation was still raging. Nominal yield on 30 yr Treasuries was 12%