How about some good news on inflation?

That's right, I said good news from American public media.

This is Marketplace.

In Baltimore, I'm Amy Scott in for Kai Rizdal.

It is Thursday, November 10th.

Good to have you with us.

Okay, prices are still rising overall.

Yes, but the consumer price index out today is better than expected.

The annual inflation rate, 7.7% last month, is the smallest increase we've seen since January.

Some big categories, fruits and vegetables, dairy, apparel, and airline fairs fell.

And all this suggests those higher interest rates may be starting to work.

Marketplace's sub-re-benisher fills us in.

The level of inflation in October was mildly good news.

We're starting to see the initial signs of a slowdown in inflationary dynamics.

Gregory Docko is chief economist at Ernst & Young.

Goods prices, not counting food and energy, fell 4.10% which is tied for the largest contraction

outside of a recession since the early 1970s.

Yes, if you measure year over year, goods prices are still up 5%, but that's a lot better

than the 12% they were up earlier this year.

Derek Winograd is chief US economist at Alliance Bernstein.

I think we should take some comfort from the idea that the supply chain is healing and

is healing quite rapidly.

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