To be honest, I don’t know what to believe about any stated inflation rates - the devil’s in the details (or going to hell in the market basket).
All I see is the prices of the things I buy have risen (food, household items), while size & quality have diminished. Especially so in the past few months.
Gasoline has its own dynamics, and big-ticket items too complex for me to reckon with.
Just wait until a lot of stuff is not made in China. Prices will surge just because of that.