The overall economy inflation numbers are completely meaningless when cost of education, housing and healthcare has been skyrocketing for more than a decade, maybe even longer.
The average worker, especially those with families, have seen their costs inflate much, much higher than 11% per year for quite some time.
In Foster City, CA, bay area, a salary of $146k is considered low income, and can get access to affordable housing [1]. A 3/4 bedroom townhouse in Foster City, CA bay area used to be 800k usd 10 years ago, today it goes for 2M usd, with offers 200k to 400k above asking price. [2] [3] [4]
The average worker, especially those with families, have seen their costs inflate much, much higher than 11% per year for quite some time.