'PRINCETON, NJ -- Slightly less than half of all Americans (45%) report spending more than they did a year ago, while 18% report spending less. A closer look at these numbers reveals Americans' increased spending is on household essentials, such as groceries, gasoline, utilities, and healthcare, rather than on discretionary purchases.'
Consumers Spending More, Just Not on Things They Want
As I have said many times, calling the CPI an accurate inflation indicator is a joke.
Inflation is, IMO, much higher then the government reports/suggests.