Bea Hromyak of Salem could hardly believe it when we told her the latest sign of inflation backing off.

"Of course it's good news, that makes me smile, I'll tell you that!" she said.

The producer price index measured just over one percent for the year ending in May.
That's down sharply from the 2.3 percent bump in April.
This measure of inflation has now slowed for almost a year - and is the lowest it's been in over two years.

When we talked to Bea Hromyak, she'd just paid $2.50 for a dozen jumbo eggs.
Egg prices nationwide are also plummeting.

"My husband and I are retired and it's tough," she said. "I'm not kidding, everything is so high!"

"There's no doubt that it's been a difficult couple of years for the American people," said Haris Talwar, a spokesman for the Biden White House. He pointed out that consumer price inflation is down by more than half from this time last year.

"We've also seen in the last few months, the last three months to be exact, a decline in grocery prices. So we're starting to see real progress," Talwar said.

Couple that with gas prices down more than a dollar from this time last year and The Fed holding off on raising interest rates, and it's all pointing to a stronger, more stable economy.

"It's about time, I would say!" laughed Bea Hromyak.

Which means it's only a matter of time until she and the rest of us see it at checkout.