U.S. inflation slowed to 2.5 percent in the year through August, but beneath the surface the details suggested that the costs of key categories, like housing, were stubborn.

The Federal Reserve is set to cut rates next week, but that does not mean a reversal of the high prices of the past three years.

According to the Consumer Price Index, inflation increased 0.2% for the month of August and the annual inflation rate declined to 2.5%, its lowest level since February 2021. NBC News’ Brian Cheung breaks down the latest inflation numbers that are showing signs of improvement.