"Inflation" is also measured ridiculously. Groceries and all utilities (basic and luxury) have become 50-100% more expensive but somehow the inflation is 8%? No

"Inflation" is also measured ridiculously. Groceries and all utilities (basic and luxury) have become 50-100% more expensive but somehow the inflation is 8%? Not for anyone poor it isn't, for them it is 50% or more. I understand of course other parts of the market (stocks, perhaps other expensive things like cars and industrial equipment) have not experienced the same price increase and for this reason the inflation is measured as less. This is purely an academic difference for most people, who would not be encountering these products anyway.