Your jaw is on the floor because you have chosen to ignore economic factors that don't fit your click bait narrative. Yeah, year over year the "inflation" rate seems to look like 6.8%. Not factored into that figure are the sharp drops in critical commodities used to gauge inflation over the last month. Crude oil, which futures traders had bid up 80% or so this year have dropped over 10% in the last month, gold is down 15%. Oil prices of course drive the prices of all consumer goods and services. After going for years at below inflation targets and with the global supply chains in a jam there's no mystery why prices have spiked, and given the size and roll out speed of Covid relief spending you'll have to dive a lot deeper into the actual backfill of GDP shortfall in the lockdown and deep recession of '20 to show a currency driven inflation that outpaces the temporary price pressures. And by the way, interest rate hikes are coming, no convincing evidence that they will throw the economy into recession, and those rate increases will drop housing prices, another deflationary push.