Actually right now prices are falling on durable goods:

https://www.cbsnews.com/amp/news/economy-inflation-deflation...

>These items are products such as used cars, furniture and appliances, which saw big run-ups in prices during the pandemic.

So is this an actual reduction in price, or yet again just covid supply squeezes easing off? Does a 2.6% drop in price actually offset the price increases of the past 5 years?

I'm sorry, that was poorly worded. What I was trying to say is that if the CPI is 10% and one component of it is 40%, it implies the presence of other components that are under 10% (and of course, the possibility of some that might have been negative).