Contra the above, note that when the price of energy (gas) spikes because of supply interruptions (or taxes, or increased demand), various prices all go up, but not because of inflationary pressure on the money supply.
And gold certainly can spike vs. inflation happening; when there’s broad economic uncertainty, like now, investors seek what they perceive as a “safe haven”. In this case, gold, thanks to years of gold-buggery. (And at least, in the last case, it cant’ be inflated away so I’ll give them that.)
I’ve seen it claimed (seriously!) that “gold has a constant value” and this proves significant inflation, but those claims are laughable historically as they are now.
I suspect that the monetary inflation rate (taht caused by monetary policy and the inflation of the money supply) is very much like the reported 2-3%.
The inflation caused by increased energy costs has the same effect on one’s pocketbook, but isn’t the fault of or remediable by monetary policy – and is also going to be priced into the cost of money appropriately, on the grounds that gas prices can drop like a rock.