Remember, again, inflation may be down, but prices are much higher than they were 3 years ago. Prices are not coming down. They are rising more slowly.
The big shift in prices has come via a huge rise in the relative cost of essentials.
Energy is up by 90% and food up by 31%, compared with overall prices rising 22%.
Importantly, while *inflation* is falling, high prices will be with us for the foreseeable future.