That's not high. We've been desperately trying to get inflation up and have taken extraordinary measures to try and raise inflation, but we're actually in a historic low inflation regime that's quite concerning - the fed would be thrilled if we'd be at 2-3 percent inflation consistently and easily. It's the reason we haven't been able to raise rates as high as they used to be, making government borrowing cheap, and why we've kept printing money. We're trying to get inflation up, its just not working that well.