Earlier this month, our U.S. Treasury Secretary and former head of the Federal Reserve, Janet Yellen said she didn't think that the 2021 CPI numbers represent actual real inflation but rather just a getting back to normal after the pandemic.
Bloomberg 05/04/2021 Yellen Clarifies Inflation Remark, Sees No Need for Fed to Hike
Administration and Fed officials both have consistently dismissed concerns over accelerating inflation. They’ve argued that price gains expected this year will be largely transitory, and that the central bank has tools to contain any persistent effects.
Of course, the Fed isn't suppose to listen to her or the Administration in their actions and who knows what they may do - most likely this summer when they all get together at Jackson Hole to discuss actions.
What you are seeing in prices of products and services that you use everyday?
Think there is some direct affecting product force that is causing price increases - are these momentary and explainable and will moderate shortly?
Here is how the measure is computed by the government -
The Balance 05/15/2021 - Consumer Price Index and How It Measures Inflation

It's Always Something . . . . Roseanna Roseannadanna