re: Inflation rises to Fed's 2 percent target for first time in 5 years

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After nearly five years, inflation is finally back at the Federal Reserve's 2 percent target.

The Bureau of Economic Analysis reported Friday that inflation rose to a 2.1 percent annual rate in February, up from 1.9 percent the month before, according to the personal consumption expenditure price index.

The PCE price index, as it's known, is a different gauge than the more widely-cited consumer price index, but the one favored by the central bank for its inflation target.

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It's been over 2% for several years according to my checking account and credit card statements. I won't even go into health care, insurance and property taxes, etc.