Dont forget that cpi isn’t really entirely accurate to true inflation. It does not account for food & energy. Also, they will replace items tracked if they believe they have reached a high enough price that consumers will move on to a cheaper product. It doesnt account for standard of living.
Inflation encourages spending & borrowing and discourages saving. Thats why our economy has turned into what it is.
Well the data seems to imply that it stabilized the rate of change in the money supply, it used to be all over the place now it just goes up all the time 
- pick your poison.
The data Fry used does account for food and energy - one of my charts compares delta with and delta without energy. But that data is only available since 1957. I can do you one with and without food and energy after my ECO midterm tonight, The spikes are smaller but the general trend remains in direction and magnitude once you take those two out.
Plus, what’s the measure of “true” inflation any way - that will vary from person to person and company to company. If all I’m interested in is pork bellies (yummmm… bacon) but somebody else only interested in the oil - the inflation figures would be different.
Food and energy have also gotten cheaper since last year. Anyone else notice milk is like $1.39 a gallon these days?