lol... you are drinking the koolaid if you believe this. You are using the incorrect CPI algo here. Try adding in the inflation from what some would call important resources like food and fuel to get a more accurate level of 5-8% in the US. An inflation level held "low" by the US taxing the rest of the world because it remains the reserve currency in most trade. Once the reserve currency market share starts to drop further I will guarantee you will see those inflation stats of 5-8% grow.
The goods in US are subsidised by the rest of the world because US dollar is a reserve currency.