The CPI is a BS model of inflation, not the cost of living.

"Some 61.8% of American households acknowledged having difficulty covering an unexpected expense of $400, up 1.3% from November 2022, according to the report."

Meanwhile… @SecYellen pic.twitter.com/os1H3V4sbO

— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) August 3, 2023

See also Americans face 7%+ mortgages, 4.2%+ inflation, and a 30% weaker dollar than in 2020. The basic American life now costs about 40% more income than it did in 2001

See also The Fed Says Inflation Is The Problem While Quietly Adding Liquidity Back Into The System