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It's 11 months in a row now, gang, that inflation has been falling. I just thought, I had

to mention that from American public media. This is Marketplace.

In Los Angeles, I'm Kai. Riz Dalit is Tuesday. Today, this one is the 13th of June. Good

as always to have you along, everybody. Good also was the news from the good people at the Bureau

of Labor Statistics, that consumer inflation in this economy continues to cool. The

May consumer price index came in this morning as you've surely already heard. 4% from a year ago

is how fast prices are going up. That is well down from the April reading and way down from the

9% inflation we were dealing with a year or so ago. But there is a rate of change challenge here,

because as Marketplace is Christian Schwab reports, the more inflation cools, the harder it is to get

it to cool off more. We've gotten to the part of the inflation journey where the Fed is trying to

squeeze the last bits of toothpaste out of the tube, inching closer to its target of 2% inflation.

But it's slow going. Says David Wilcox, an economist at the Peterson Institute and Bloomberg

economics. The pathway ahead looks like it will take longer than anybody would prefer. Why? Well,

partly because when it comes to inflation, the most obvious and temporary problems tend to

sort themselves out first. The pandemic and all the erratic consumer spending during its

different phases, the initial shock to oil prices because of the war in Ukraine. Plus,

economist Linda Hooks at Washington in Lee University says, the supply chain issues that everyone

talks about. Now that those have mostly subsided, the Federal Reserve is working with some very

...