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Gasoline prices in California are slowly falling. Housing is becoming slightly more affordable. Food prices appear to be stabilizing.In other words, the latest news about prices is finally encouraging.“There are some positive signs regarding inflation,” said Song Won Sohn, president of Los Angeles-based SS Economics, a consulting firm.Gov. Gavin Newsom’s budget’s economic outlook saw the overall rate of inflation slowing to between 2% and “just below 3%” in both the U.S. and the state by early next year. It projects a state annual rate of 2.7% in 2025, 2026 and 2027.The latest data doesn’t say that yet–prices were up 3.4% nationally on an annual basis in April. In California they’ve gone up early this year at about the same pace.Experts see signs that the worst is over. Prices were up 9.1% in the 12 months ending in June 2022, their most rapid increase in 41 years, helping prompt higher interest rates.The rate of inflation has cooled since then, and interest rates have stabilized. The Federal Reserve has not increased its target interest rate since July.The rate on a 30-yea …
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