Inflation is cooling, but food prices are still much higher than they were a year ago. Bakery products, in particular.

Among them are New Zealand, Germany and, probably, China.

Patient numbers have bounced back to prepandemic levels.

In Minneapolis, prices rose just 1.8% in the past year. Compare that to Miami, where inflation is at a whopping 9%.

If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.

In Monday’s Consumer Price Index report, rent prices rose 8.7% year-over-year in May. That sounds like a lot, but here’s why that number isn’t a reliable indicator of where rental prices are headed.

The microchip shortage of recent years put the brakes on the production of new cars. That’s making for a low supply of used cars now.

The latest data shows inflation is well below its peak of more than 9% a year ago. But there’s a ways to go before the Fed reaches its 2% target.

A labor shortage and a relatively strong economy contribute to high prices. Some experts worry about inflationary expectations.

Some economists think the Fed should aim higher than that magical 2% rate.