You don’t have to be a rocket scientist to see where this is heading:

US Inflation over the last couple of months (CPI YoY)

March 2022 +8.5%

April +8.3%

May +8.6%

June +9.1%

July +8.5%

August +8.3%

September +8.2%

October +7.7%

November +7.1%

December +6.5%

January 2023 +6.4%

February +6%

March +5%

April +4.9%

May: +4%

June: +3%