Inflation cooled last month.
"The July consumer-price index shows an annual inflation rate of 2.9%, slightly below expectations and the smallest increase since March 2021. The slowing inflation rate may be a welcome change for American consumers feeling the pinch from fast-rising prices over the last few years— but experts say it’s unlikely to cause a drop in grocery store prices.
If inflation goes down, it means that the rate at which prices increase is slowing down, but it generally is not going to mean that prices are going down,” says William Hauk, associate professor in the Department of Economics at the University of South Carolina."
What would we do without economic professors and journalists?
Always and everywhere, generally and specifically... inflation means prices are rising.