Inflation Isn't Back in Cool-Down Mode Yet. By. Gwynn Guilford. Consumer price gains eased on a 12-month basis, rising 6% in February, down from 6.4% in January.

When will inflation slow down? Good news: It already has. “I feel like it’s slowing down from May 2021 and 2022,” Gaertner said. “The target interest rate right now is probably at about 5%.

Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down. ... “We ended 2023 with inflation down nearly two-thirds from its peak,” Mr. Biden said in a statement following the release.

Inflation fell in June, as a drop in gasoline prices more than offset the modest monthly rise in rent. This could help clear the way for the Federal Reserve to cut interest rates in September.