Do any of these guys go to stores / gas stations and actually buy something ?? Inflation is here ! It has been for some time already. I work in an HVAC company. Our suppliers notified us of price increases on Jan 1, Mar 1, June 1 AND July or Aug 1. ! Most had 5-6% EACH time, some as much as 12% in July and Aug. Added up, it is 20-35% increases from each supplier. But I guess the Fed is waiting for that 2% target.