[dopylitty]

Honestly “headline inflation” is a poor statistic anyway because it lumps together a bunch of unrelated things into a magic number that masks the underlying causes of price increases.

If people thought in terms of the cost of housing going up xx% because of lack of supply or the cost of energy going up xx% because fossil fuels are produced largely by cartels and hostile powers they might consider policy tools to decrease housing and energy costs by addressing those issues directly.

Instead we think in terms of “inflation” and the only solution for “inflation” is some magical monetary policy lever that has a side effect of destroying working peoples’ lives.