That raises an important question for consumers and investors alike: Is inflation peaking or not?

The answer, according to the market analysts, is probably. But there’s still a long way to go before we are where we want to be.

First of all, we need to remember that the ‘I’ in CPI and PPI stands for index. That means that shrinking inflation could come from prices falling in some sectors but not others. And that’s exactly what’s happening. Energy prices have dropped significantly over the last two months, dragging the top-line inflation numbers down along with them. But the costs of food, shelter and nearly every other commodity are increasing.