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Slack.com slash DHQ. Inflation has been slowing down, but how long do we get back to a rate

we can live with? From American public media, this is Marketplace.

In Baltimore, I'm Amy Scott in Forkai Rizdal. It's Monday, the 12th of December. Good to

have you with us on this CPI Eve. That's right. Tomorrow we'll get the latest read on

inflation with the release of the Consumer Price Index for November. Then on Wednesday,

we'll learn what the Fed plans to do about it. Analysts are expecting another interest rate

increase, though maybe a smaller one this time after several months of high but slowing

price growth. As of the last reading, annual inflation was running at 7.7%. But fighting

inflation is a long race. As Marketplace's sub-rebenisher reports, the last mile may be

much harder than the first.

Grapaling with inflation is a marathon, but it starts off as a sprint.

There it is where it's very normal to have frequent price changes. We've seen inflation

already come down dramatically.

Laura Veltcamp is a professor of economics at Columbia. At the gas pump, for example.

The inflation there was a direct result of the pandemic. Everyone buying goods online,

flychains breaking, all that is evening out. Adobe reports online prices, for example,

which lean heavily towards goods actually fell 3% in November. Freight rates have come

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