How can inflation be only a few percentage points and yet many goods and services are up over 50% since 2019?
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Because the governing body of reporting inflation is supposed to measure a set of metrics across a broad range of industries then average it out. E.g. steel manufacturing might be up 30%, farming 5%, petrol 20%. To provide a relevant figure they are supposed to compare like for like each time. However, because they screwed up inflation so bad by irresponsible behaviour during covid, they cut out some categories and only reported on industries with lower inflation on average to pull thr numbers down. Obviously in the categories that actually matter, inflation is much higher than the reported average.
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