I've been waiting for inflation since 2011, when all the bailouts and money printing was supposed to happen, but never really did.

I have heard that technology has a very large deflationary effect on consumables, and you can see the inflationary effects of money printing in the prices of non-consumables like stocks and real estate. For example, check out the nasdaq composite index: https://finance.yahoo.com/quote/%5EIXIC/

Sadly asset inflation is not part of the inflation calculation.

Also there's a reason besides the technology's deflationary effect - it's the wealth inequality. If the printed money doesn't end up in the hands of the majority of people (i keep hearing real wages are stagnant), then there won't be inflation in the common goods that make the large chunk of CPI.

I have heard this before. I would like to see some an inflation penetration metric for various economic actions whether those actions come from the Fed or some other group. For example, I think about the 5 billion (or more?) in bond purchases the fed recently made. How does that kind of monetary inflation penetrate into the economy? Groups that don't own stocks won't get those dollars. However, for groups that do own stocks, they will have extra money to spend and therefore push the prices of common goods up.

Excellent article posted on HN that explains why what we saw in 2020 is different than 2011:

https://www.lynalden.com/money-printing/

Basically, after 2011 it was mostly for recapitalizing banks when in 2020 it's to support government budget deficit

Damn, this is a long but good read!

You should measure inflation for your own personal environment and check if it holds true.