Inflation: Not as low as you think
http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-think/
“Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.”
And here is another nice explanation of why inflation is worse than you hear, as is GDP growth:
http://www.youtube.com/watch?v=zPkTItOXuN0