Did you wonder where your paycheck is going? Inflation rate for US energy in 2022 is 40%. For food it's about 15%. https://www.worlddata.info/america/usa/inflation-rates.php
“But wait” you say. “That’s not what the news said.”
No it’s not. The news reports monthly year-over-year inflation reports. I believe the above inflation takes into account from Jan 1 to present 2022. The monthly year-over-year reports are compounded for the whole year. And 2022 isn’t over yet.
Under Democrat President Carter, in early 1980, before Reagan policies had a chance to work, inflation was 15% annually. 30 year mortgage rates were 28% in some places. On the graph time span click "MAX". https://tradingeconomics.com/united-states/inflation-cpi