Overall inflation rate is down from its peak in 2022 but still above   the Federal Reserve's target of 2%

Energy prices have been declining, helping to bring down overall inflation 

Food prices are still rising, driven by supply chain disruptions and other factors 

Federal Reserve is expected to continue raising interest rates to   fight inflation

Core inflation rate (excluding food and energy) is also easing but   remains elevated

The Federal Reserve's monetary policy decisions will also play a major   role in shaping the future of inflation

Economists are forecasting that inflation will continue to decline in 2024 

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