Rather than observe the current rate if inflation, the curve should be integrated say from January 2020 to the present to indicate the actual economic calamity.
The monthly inflation is cumulative
Yes it is, and prices are NOT going down.
Even the gasoline prices they parrot are impossibly low.
The only rationale for the low gas prices is over supply, translated to lower demand or over production.
They KNOW that this is going to blow up in the coming months; the looming bombs on the horizon are meant to be a distraction for their failures.