It depends on how you measure "inflation". The standard way is to measure the amount of stuff money can buy, where "stuff" is daily necessities and so on. But

It depends on how you measure "inflation". The standard way is to measure the amount of stuff money can buy, where "stuff" is daily necessities and so on. But prices are just relative. It can be argued that such daily necessities like food, clothes, etc. have actually gotten "cheaper", and the increases in stock and other asset prices are a function of how much money is printed by central banks. (There's a strong correlation there, at least.) It's not the standard narrative, but it's something to think about in such cases where these numbers are absolutely crucial to your life plans. There's also the element of the US stock market basically outperforming everyone else in the past decade. (And it's mostly because of tech.) If you pick a couple non-US indices the numbers look much more shaky.