Real Inflation 10%
When the government creates inflation statistics, they use all kinds of trickery such as substitution and hedonics to massage the numbers to make themselves look good. Sometimes they even change the rules openly, but there are always people who keep track of the real inflation numbers.
If inflation was measured the same way that it was in 1980, the rate of annual consumer inflation in the United States would be well over 10 percent. In other words, if you have federal reserve notes (aka dollars) in a savings account earning a whopping 0.05% interest, you’re actually losing over 10% of your savings every year!