Today’s report shows continued progress in our fight against inflation with the 12-month inflation rate at the lowest level since May 2021. This progress follows last week’s news that our job market remains historically strong. Inflation has now fallen by 45% from its summer peak. Gas prices are down more than $1.40 from the summer, and grocery prices fell in the month of March for the first time since September 2020. In recent months, we have also seen price declines for items like used cars, smart phones, and other electronics. While inflation is still too high, this progress means more breathing room for ... (full story)