Inflation here? gas/grocery prices just continue to climb

Mr. Sparkle said
The rocket keeps going up.

https://www.cnbc.com/2022/05/11/cpi-april-2022.html

Something to watch is that we are coming up on the one year anniversary of the current spike in inflation - because inflation is generally measured year over year, it may start to appear that inflation is falling once we get into July and August, because 8% over 5% will be measured as 3% inflation even though prices have risen considerably more than that overall.

We'll need to see some deflation YOY before we get much relief.

I don't think we really want any deflation. I think what you want to see is inflation level off back to under 3%, and average wages increase to catch up with price inflation. I haven't kept up with wage increases, but I'm sure it hasn't been increasing at 8% YOY. So ideally, you'd see inflation go back down to 3% or less and wage increases stay above that for a few years.