Inflation is the rate of change. If inflation is positive prices are rising. Inflation can be declining (second derivative) but still positive. Right now infla

Inflation is the rate of change. If inflation is positive prices are rising. Inflation can be declining (second derivative) but still positive. Right now inflation over a 12 month period is higher than the historical norm of about 2%, but is falling. For individual months it’s been mostly normal levels. Largely a nothing story.