A car slows down while still moving forward: prices can do the same.
01
Go deeper
A smaller positive rate means a slower increase in the price level. It does not reverse past price rises. Compare the same index and the same time horizon before describing a slowdown.
02
Make it concrete
Hypothetical illustration. A hypothetical basket rises from $100 to $105, then $107.10: annual inflation slows from 5% to 2%, but the basket costs more.
03
When you read a headline
Disinflation is not deflation. Falling inflation does not necessarily restore earlier purchasing power.