How can inflation be only a few percentage points and yet many goods and services are up over 50% since 2019?

Question

How can inflation be only a few percentage points and yet many goods and services are up over 50% since 2019?

In: 187

Answer 1

I call these kinds of numbers government jerk-off statistics so that they can try to make things look better than they are. Until we see deflation, any inflation number is just adding to an already record increase which is still a record increase, regardless of how low the positive number gets.

See unemployment vs. workforce participation as another example.