Inflation remains a critical issue affecting various sectors, with commercial real estate feeling the pinch due to high interest rates and low occupancy rates, exacerbated by the significant cash influx since March 2020, resulting in unquantified inflation. However, recent data shows a cooling trend in inflation, reflected in declining prices for gasoline, airline tickets, hotels, hospital care, and vehicles, potentially leading the Federal Reserve to consider lowering borrowing costs to support the economy. Despite fluctuations, measures of inflation for goods and services reveal trends like a decline in shelter costs and a focus on core CPI, indicating a disinflation story that is important for interpreting economic data and the Fed's potential actions.