comment: >
  
  The hell it did. Gasoline and TVs maybe, but the groceries and heating bills are on fire.
context: Have a scoop of economic stabilization, Jack >
  
  Oh ya next year is looking great for the economy... >
  
  Here is a better summary. 
  This is the PCE, not CPI. The Fed economists prefer it, as It attempts to better account for substitutes. 
  Note that the 5.5% was compared to the same prices a year ago. That is important because big price changes earlier in the year are still calculating in. 
  The change from a month prior was only 0.1%. That is not terrible. Most of us are not accustomed to thinking in monthly numbers. It is like saying you are driving 7 miles per 5 minutes. 
  The big increase is in housing and utilities. Housing typically lags as landlords have to wait until the end of contracts to adjust prices. 
  It is good to see vehicles correcting.
  Edit: finished sentence. >
  
  Some economists are saying that its a scam and that a lot of industries are just enjoying the high prices. >
  
  
  Some economists are saying that its a scam
  
  That what's a scam? That the high inflation levels aren't real?
  Please post these sources. >
  
  Not OP, but I know Richard Wolf is an economist who has been making the rounds talking on the subject for at least a year. He is also very critical of the Feds tactics for getting inflation under control. >
  
  Richard Wolff's argument (from a brief Google search) appears to be that inflation doesn't exist, but is a construct of companies raising prices to profit-gouge. Do I have that correct? >
  
  I have watched countless hours of his interviews and lectures, and have not heard him say that it doesn’t exist specifically. He is of the opinion that the current situation we are in is due to companies being opportunistic for the most part. He thinks that Biden should be telling companies that are making record profits during this time that they need to lower prices or get fined so that they will voluntarily comply. Additionally, he suggests a rationing system to ensure products are available to consumers to help tame inflation without hurting the average person through rate increases and unemployment. Both of these tactics were used to curb inflation during World War II.