Price Levels and Inflation - Levels versus Rate of Change

Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
https://www.wsj.com/articles/consumer-prices-plateau-as-inflation-slows-to-prepandemic-levels-11674200099 

Wages are still growing rapidly. The Fed wants them to slow down.
https://www.vox.com/policy-and-politics/2023/1/19/23550856/wage-growth-inflation-federal-reserve