Something is wrong with the math. When meat and other foods are costing three times what they should, Gas is double what it should be, then 7.5% retail cannot be correct.
As I understand it, consumer prices often lag as an indicator of inflation. The higher prices are first absorbed at the commodity level, then the wholesale level, and then they are observed at the retail level.
Energy prices rise quickly. Groceries are much slower but they often rise faster due to the slinky effect in the markets versus gas/energy which has a faster throughput in the system.
Just a thought. I definitely see big inflation in my household budget and expect it to get worse in the coming months. Will be curious to see what happens to the housing market as interest rates rise - right now it is masked in my area because people are cashing out of deep blue coastal areas and paying cash.