Is the Post-Pandemic Inflation Surge Losing Steam?

Consumer prices recorded their lowest rate of increase since February. U.S. CPI for July was a modest +0.5%, following several months of large increases. Does this mean inflation’s hot run was short-lived? Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights