Obviously the CPI isn't good at dealing with sudden large changes in the price of one heavily weighted product
Over the past 12 months, consumer prices have risen by 3.7 percent, substantially below the 17-year high of a 12-month price increase of 5.6 percent set this summer. Core prices are up 2.2 percent over the past 12 months. . . .
The misery index right now is 10.2.