The way we publicize inflation is very misleading. Down the bottom of this page is the inflation table going back to 1913.
So if you look at last 12 months you can calculate it via:
2021 Dec - 278.802
2022 Dec - 296.797
12-month inflation rate = (296.797 / 278.802) - 1) * 100 = 6.45%
But most of this inflation occurred in the first part of 2022. If you look at the last 6 months you instead get this:
2022 June - 296.311
6-month inflation rate = (296.797 / 296.311) - 1) * 100 = 0.16%
Which essentially points to an almost 0% inflation rate if it continues for the next 6 months. Given this I am questioning how many more (if any) interest rate hikes the Federal Reserve should really do.