On the "cooling inflation" part, there's a different interpretation of what she's saying that I think is actually true and meaningful. Even though the rate of b

On the "cooling inflation" part, there's a different interpretation of what she's saying that I think is actually true and meaningful. Even though the rate of broad increase of the price of services and goods has declined recently (inflation has started to cool), the ratio between housing + food costs and income is still elevated (housing and food costs remain high). The alternative is possible, that housing and food costs would remain steady or even decline while other prices increased, bringing the ratios back to more historic levels. But, this doesn't seem to be happening.