Coincidentally government transfer payments funded by deficit spending reached a new low for the year [1]. I'd also add CPI underestimates true inflation becaus

Coincidentally government transfer payments funded by deficit spending reached a new low for the year [1]. I'd also add CPI underestimates true inflation because it uses hedonic adjustments, but in real life consumers don't keep buying crappier and crappier products. If you use 1980 methodology for computing CPI it's around 15% annualized now [2]. [1]: https://www.wsj.com/articles/u-s-government-recorded-119-billion-budget-surplus-its-first-since-before-pandemic-11644519768 https://www.wsj.com/articles/u-s-government-recorded-119-bil... [2]: http://www.shadowstats.com/alternate_data/inflation-charts http://www.shadowstats.com/alternate_data/inflation-charts