Fed rate

Since I do the shopping these days my view of inflation has changed. I would not be overly concerned if all I knew was that inflation was 8% but when I shop individual items pop out at me. For example milk has gone from $2.75 to $3.40 and the wheat bread that I buy as increased from 87 cents to $1.35. These are the things that get my attention and effect my view of inflation. When Reagan came into office he had the Fed raise the funds rate to 13% and this caused home mortgage rates to rise to 17%. This brought the inflation rate down and it stayed that way for until now. The Fed fund rate today is 1% so get ready.