Inflation remains persistently elevated. Nothing is falling, just growing slower than before but we certainly are not going to see pre pandemic prices in awhile.
It's take years, maybe decades to return to where we were at. Even if we were able to "freeze" the prices today, we will have to wait for our incomes to rise to increase our purchasing power.
“...but we certainly are not going to see pre pandemic prices in awhile.”
I agree. And the only way we would see them is with a severe recession.