Why inflation is losing its punch — and why things could get even better

https://www.npr.org/2023/07/12/ [login to see] /inflation-consumer-prices-interest-rates-federal-reserve-economy
Inflation has been bruising Americans for more than two years — and it's finally losing some of its punch.

The Labor Department reported Wednesday that the consumer prices in June were up just 3% from a year ago — the smallest annual increase since March 2021. What's more, forecasters say inflation could fall further in the months to come.

But two years of high inflation has left its scars, and people are adjusting their habits, potentially in permanent ways.