“I’ve suspected that, but I really need a good definitional education on “inflation.””
Everyone uses the term to mean different things.
What you can do is look at your personal inflation.
Look at all of the bills you paid a year ago and compare them to similar bills you pay today.
That will give you a nice sampling of what is happening in your world.
Look at all of the bills you paid a year ago and compare them to similar bills you pay today.
Oh, I do that. Staples like groceries are key. Eggs - up 40%. Milk. Up 35-45%. Eating out is now outrageous, probably up 40%.
I'm using a base of the start of 2022. All Biden's baby.