That "price rise" indicates an inflation rate of 2.9%. The average inflation rate for the last 50 years is more like 3.5%. So it totally depends on your perspective. If you've only lived through low-inflation times, then yeah 2.9% seems high.
I'm in my 50's and my reaction to the same information was "yeah, seems about right".
I'm in my 50's and my reaction to the same information was "yeah, seems about right".