The Bureau of Labor and Statistics released the January consumer price index today .. reflecting what you already know. The overall inflation rate stands at 6.4%, after the anniversaries of the first two waves of price increases have now tolled. Inflation is the measure of price increases over time. Following two years of massive jumps in price, we are now cycling through and comparing current prices to the previous period when prices had already skyrocketed. This gives a false impression of price moderation (hindsight inflation); however, the price of goods and services is significantly higher, and those prices will not...