[jerry1979]

CPI probably doesn't reflect inflation the way Fed looks at it. They use PCE[1]:

>An accurate measure of inflation is important for both the U.S. federal government and the Federal Reserve's Federal Open Market Committee (FOMC), but they focus on different measures. For example, the federal government uses the CPI to make inflation adjustments to certain kinds of benefits, such as Social Security.[3] In contrast, the FOMC focuses on PCE inflation in its quarterly economic projections and also states its longer-run inflation goal in terms of headline PCE.

[1] https://www.stlouisfed.org/publications/regional-economist/j...

[imtringued]

That's quite interesting but the overall picture is the same in both CPI and PCE. It's just another way to measure inflation in consumer goods and services. Compare that to the usual Bitcoin advocates talking about inflation of the dollar relative to Bitcoin. It's measuring something completely different.