We have had over 2% for the last 3 years. That’s already pretty high

We've been conditioned to think of inflation as the rising cost of toilet paper and gasoline. But not in other things like stocks, bonds, rents and real estate. In theory the last two are part of orthodox inflation but they are heavily gamed. We've also been conditioned to think in terms of rates but not integrated over time.

Some things are more volatile than others. Since nothing can increase in price faster than inflation forever, there's no point in including the volatile things in your index. This is why inflation indexes commonly leave out energy. People say "but everything uses energy!" as if this was a problem - yes, everything uses energy, so the long-run increase in energy prices will be reflected in everything else, so it doesn't need to be explicitly included.

Number of Hours of Median Wage Pay Needed To Buy 1 Share of S&P 500:

   1964: 29
   1974: 18
   1984: 22
   1994: 39
   2004: 73
   2014: 92
   2019: 124
   2020: 138

What's your source, and point?