[vikingerik]

> Total inflation is up over 37% over last year and half (when you combine over quarters)

I don't think you have that right. If they say inflation was 8% for a quarter or whatever, that means it's 8% above the year-ago quarter. You don't sum the 8% over consecutive quarters. Each instance is comparing to a year ago, to account for seasonal effects.

(Also, remember that all these year-over-year numbers are skewed by pandemic effects. Inflation in 2022 looked high because demand was pent-up and time-shifted into that year. Inflation in 2023 will look less compared to the high baseline of 2022.)