I'd actually go as far as to say that the inflation story really ended two years ago, it just took to the spring of 2023 for official confirmation that it ended in July 2022, at least in my eyes.
This definitely wouldn't be a popular take, but it's just how I see it largely on my own opinion and through reading the numbers. There's been some exceptions, but most of the monthly numbers for over a year at this point translate to a 2-2.5 yearly inflation number.
Now I will admit that the problem with 2022 is that it was the worst inflation since the 1970s and not many people have dealt with that.
Edit since I don’t feel like making another post on this:
This opinion has just about 0 to do with the media outside of the data releases for me. This is all on data releases, some things I’ve noticed in real life, and about how the stock market has traded on inflation releases.
Inflation was horrific in 2022, but the only story since then has been 95% about the worst inflation year that was seen since the 1970s.
Since y’all really probably don’t want deflation outside of in gas, the only thing that is going to wipe this away with it being somewhat OK for all would be years of slow growth with pay increases that would be higher than the norm.