CPI Powell's preferred inflation measure update (using Core CPI Services Ex-Shelter), 6-month annualized rates:
Jan 2023: 5.3%
Feb 2023: 5.3%
Mar 2023: 4.6%
Apr 2023: 4.1%
May 2023: 4.1%
Jun 2023: 3.3%
Jul 2023: 2.9%
... as I said, core broke in Canada and the US during June. Greatest threat to the global economic system is now deflation - see China.