If you will allow me a cynical but entirely accurate comment. The price increases we are experiencing are due to, more then any other factor, the high cost of killing people. If you divide the cost of the Iraq war by the total number of Iraqis and US citizens killed ( the most accurate number is from John Hopkins -- very roughly 400,000 ) and the trillion dollar war cost (that includes both direct and indirect costs, and this is the most conservative credible estimate), you get a cost of 2.5 million to kill one person! Someone has got to pay for this, and it is us. Or to use Pogo's words, "We have met the enemy, and he is us." The cost of supporting the military industrial complex is indeed high.
Only the blue line looks reasonable. The Powers have a vested interest in our acting like we believe inflation is low. The money pump has been accelerating [credit, too]... can't see how that can mean lower inflation when GDP has stayed about the same.