If the question is “Is inflation getting worse” then the only meaningful way to talk about it is by the rate. Otherwise you’re just asking “Is the overall price of goods increasing”, to which the answer, barring another global financial crisis, is and always will be yes.
Economy, sure, but hasn’t inflation been 3% or less for a year now? Sure maybe we’re not in zirp mode but it seems pretty much the same
Now we have to have the “rate of inflation” vs “inflation” talk again.
If the question is “Is inflation getting worse” then the only meaningful way to talk about it is by the rate. Otherwise you’re just asking “Is the overall price of goods increasing”, to which the answer, barring another global financial crisis, is and always will be yes.