News items: Black Friday sales and Thanksgiving holiday travel set new record highs.

The 2020's inflation is NOT transitory. It's just that the rate of increase has lowered. Prices are still high and there has not been a reduction in prices just a reduction in the rate of increase.

They keep inflation going because it's a hidden tax and beneficial big banks. Inflation: The Hidden Tax

Oh, what I would have given for today's interest rates when we started out. We were under Reaganomics. My husband was a vet so we were able to get a VA loan. 1983. Interest rates were 16.5% and 6 points!

In which of the last 40 years was there a reduction of prices?

In a healthy, growing economy prices will increase. Economists may argue over how large that increase should be but Americans have been comfortable with something in the 1.5% - 2.5% range. The current 2.7% is slightly higher than that range but is nothing like the 5% we have seen at other times in the past.

It was the high inflation rates that were expected to be transitory not any inflation at all.

Honest numbers on inflation

Shadow Government Statistics - Home Page

Please justify "shelter costs coming down."
 

In your chart the only "shelter cost" that I saw was "Rent of primary residence." and it was up 4.4%. In addition "Electricity" was up 3.1%.

Price levels have nothing to do with inflation.
Inflation is all about the rate of change of price levels.

The rate of change of price change is nearly back to where it was, which is the definition of transitory. . the arguments around transitory center around how long did it take. . there is a bit of a bull whip effect by the pandemic which is smoothing out as we get farther away from the pandemic and closer back to "normal"

Inflation - Wikipedia

The common measure of inflation is the inflation rate, the annualized percentage change in a general price index.[9] As prices faced by households do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose.

however, you really do not want total economy price deflation, that is very bad for the economy.
the goal is disinflation from a high rate to a stable growth rate.

The target rate of 2% by the federal reserve is a bit low in my opinion, due to the employee behavioral bias of acceptable merit increases. The optimal point is where labor rate inflation is higher than the product inflation rate, and the net addition of the two is around 3%. . Then the economy has positive GDP momentum.

apologies if you still disagree. . .

and the trend of past months has been higher.
electricity around the US is a regulated industry, I used to work in the industry. Regulatory demands have pushed up the infrastructure cost of local customer delivery. Be careful what you wish for. . all those fancy graphs and personalized electrical usage all come with an added cost, which never goes away

I loved BrianL's example of the owner of a custom home build who asked for all the change orders, and was shocked that it cost extra money. . . same effect with medical records and custom graphs, historical data trends, etc. . which never goes away

TV golf is doing their part to support inflation. If you play every championship course once next year it will cost you 5.28% more than this year based on winter rates.

Looks like my rates are going up 2.9%

Somebody get a spreadsheet.

:sigh:

Yikes - just read the chart you supplied - those orange lines are consumed by non-rich people (food, electricity, healthcare, housing)......

According to the fake media, it's only 3%....but we all know they lie.

What created inflation?
 

Technology creates inflation........... more technology more costs more inflation, there are no cost savings from technology, peoples wants (more and more technology)are more than their needs today, that spells inflation, its not going away until people start living within their means.......and not must have the the next gadgets..(not needed)........
I am not a robot, take the test below

Just put the 2025 winter rates into my spreadsheet and here are the results for a resident member before taxes.

Orange Blossom up 2.75%
Hacienda Hills up 8.66%
Southern Oaks up 3.97%
Palmer up 12.95%
All other up 3.60%

Shallow Creek didn’t exist, so no comparison.

Bummer for me, both Palmer and Hacienda Hills are close to home and frequent plays.