[refurb]

Chart 1 lays it out.

https://www.bls.gov/news.release/pdf/cpi.pdf

Inflation isn't increasing much in August - relatively to July, but July was still high.

That graph needs to go negative (a decrease in the inflation rate each month) for a long time before we get back to something "normal" like 2-3% inflation.

[colinmhayes]

I think you're misreading the chart. My understanding is that 12 months of 0 means a year over year inflation rate of 0, not the same amount of inflation as the year before.

[ninkendo]

Correct, the chart is a rate of change in the CPI itself. 0 on the chart means the CPI hasn't changed, ie. no inflation that month.

[scld]

That chart going negative would be deflation, not a decrease in inflation.

[refurb]

The chart is the first derivative of the inflation rate.