Answers

No, overall prices in stores are not lower than a year ago—they're still higher, just rising more slowly than they did during the peak inflation years. Overall Inflation Picture The annual inflation rate in the United States was 3.4% for the 12 months ending August, the same as in July. This means average prices across the economy are running about 3.4% higher than they were a year ago. Groce

Overall, prices in stores are not lower than they were a year ago. While it is true that inflation has slowed down from its peak a few years ago—a trend economists call disinflation—prices are still rising on top of the increases that have already accumulated. A slower rate of price growth does not mean prices are actually falling back to what they used to be; they are just going up more slowly.