The above graph shows inflation using the original, 1980’s calculation. The media reports 8% and compares the 8% against the old formula from 1982 which topped out at ~15%. Using the same 1980’s formula inflation is ~17%. Even Tucker Carlson falls for this.
An honest media would either report the 8% with a footnote or make an honest comparison - either by using the old formula now or using the new formula to recalculate the 1980’s inflation numbers. But this does not happen. Probably a lot of the talking heads are just so stupid they don’t even realize this. Others are just intentionally misleading…perhaps Carlson falls into this group.
Here’s another look at inflation in terms of housing prices.