Two years in a row, the registration for my car has gone up 50%.
Every year my car insurance goes up 10%.
Every year my house insurance goes up 10-15%.
Gasoline has gone up 30% in the last year.
Bread has gone up 29% in the last year.
Hamburger has gone up 22% in the last year.
Explain to me where we get "less than 2% annual inflation" from that?
The household income sure as heck isn't going up as fast as the bills and almost all of them increasing from government mandate rather than market pressure.