A lot more than 2% if one uses the measures as used thirty years ago. Over the years the criteria have bebn jiggered and lowered in order to make the numbers better. That has happened several times so the rate has been artificially reduced several times. I have seen several educated estimates that put the real average annual rate of price-level rise at 6-10% over the last eight years or so.
6-10% over 8 years is way too high. That’s an 85% increase in prices. Over 9 years, it would be 100%. Yeah, some things have gone up that high, like ground beef, but car prices haven’t doubled. Clearly prices are increasing faster than the government/Fed say but overall its closer to 2-3%.