I don't know how they calculate these price increases but I think they're WAYYYY off. Gas increases are higher than 5.7%. Food costs are up way over 5.7% as well. Although not necessarily a consumer price, housing has gone through the roof and is not affordable for young people any longer. Rent prices are also increasing. Almost EVERYTHING has skyrocketed way beyond 5.7%.
And yet, there are some Dems who claim they are not affected by the increase in prices or the supply chain shortages. My guess is that a lot of these dolts are not in the work force and have their housing and food costs supplemented. These issues affect every working American. The only people that can sustain these price increases without any type of life altering effect are the wealthy.
The consumer price index is calculated based on a formula that estimates how much of a household expense budget is allocated to categories of spending, like food, fuel, etc. So if the estimate of how much of our budge we spend on gas is smaller than how much we spend on food, then it will have less of an impact on the actual index. But as the cost of fuel increases then so does the percentage of our budget that we spend on fuel. I am not sure how they calculate this but I assume it is done over a period of time.
I know this much. When I go to the grocery story to buy groceries, it costs a lot more per trip than it did a year ago. But that is inflation compounded over 12 months so the cost year over year is closer to 20% just for groceries. Also, the price of fuel drives up the cost of everything else. I think this cost has been underestimated by our "heroes" in Washington.
But worse than this is the supply chain problem. It's really bad when you can't buy something you need, not matter how much it costs, because the manufacturers can't get their stuff onto the store shelves.