Inflation has slowed since mid-2022 peak but remains above pre-pandemic average

Year-over-year inflation (%), seasonally adjusted

Consumer price index for US urban consumers (CPI-U), California urban consumers, (CA CPI), and US urban consumers excluding more volatile energy and food prices (Core CPI). Median CPI is inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. CA CPI published every other month and interpolated linearly.
Chart: Legislative Analyst's OfficeSource: US Bureau of Labor Statistics, Federal Reserve Bank of Cleveland, and California Department of Industrial RelationsGet the dataCreated with Datawrapper