2022 Cola is projected at 4.7%.
IMHO this is but a fraction of “real” inflation. A 2×4 that is 8 feet long, used to build a home, went from $2.25 last year to $8.45 today, about 400 percent. Gas has went way up, medicines are up, and, now there could be a beef/pork shortage. Shortages mean higher prices.