Our steaming, lying sack of crap government says no it's been going down and is less than 2.9%. I was just in Target today and 1/3 of the store is empty of items and the items they do have are way way up.
Even the Fed realizes inflation is way up but they are afraid of Trump and the Republicans so they lowered interest rates which will of course drive inflation up much higher and the value of the dollar much lower. But it will make it easier for the government to borrow more money which all they do as the national debt. explodes. And expect inflation to go up 25% by the end of the 2026 although our government will claim 2.5%