Price Inflation is only 2.7%, right?

From http://www.newratings.com/analyst_news/article_1395428.html

Analyst Rob Carnell of ING Financial Markets says that inflation concerns have been mitigated by the release of the US CPI data for September.In a research note published this morning, the analyst mentions that the core CPI for September rose 0.2% sequentially, with the three-month annualised rate of core CPI inflation declining from 3.8% during May to 2.7% at present. The inflation risks being faced by the US are low, in view of the 0.5% sequential decline in the headline inflation rate during September, ING Financial Markets says.

So the gub'ment says inflation is running around 2.7%? Is anything you pay for up only 2.7% over last year? The government numbers are a lie. The true inflation rate is more like 9% or 10%, as John Williams' Shadow Gov't Statistics site (and real-life experience) shows:

http://www.shadowstats.com/cgi-bin/sgs/data