Grateflation from 2014 to 2026

What are folks predicting regarding tomorrow s official inflation number? My guess: 4% annual. What s the real rate? Let s look at this Microplane cheese grater , a combination of U.S. and Mexican manufacturing. It was $12.95 in November 2014. Adjusted to official CPI, it should be about $18.50 today. In fact, however, it had gone up to only $12.99 at the end of June when I decided to see how much…