3 contributors to inflation are down

https://www.bloomberg.com/news/articles/2022-06-06/peak-infl…
A bellwether semiconductor price ... is now half its July 2018 peak and down 14% from the middle of last year.

The spot rate for shipping containers ... has declined 26% since its September 2021 all-time high.

North America’s fertilizer prices ... is 24% below its record high in March.

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North America’s fertilizer prices … is 24% below its record high in March.

While down since March the retail price for urea is almost double what it was a year ago.
www.dtnpf.com/agriculture/web/ag/crops/article/2022/06/01/st….

Don’t know which change has a larger effect on the economy.

DB2

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Lumber has also dropped significantly, though it is still far above pre-pandemic prices:

https://www.theglobeandmail.com/business/article-lumber-pric…

"
Cash prices – what sawmills charge wholesalers – fell 16 per cent, or US$120, last week to US$630 for 1,000 board feet of two-by-fours made from Western spruce, pine and fir, or SPF, according to Random Lengths. That means cash prices have fallen 55 per cent over the past 11 weeks.

Despite cash prices retreating recently, industry analysts say that with producers mindful about limiting their output, it’s highly unlikely that prices will collapse this summer to levels last seen in 2019, when Western SPF typically sold for US$350 to US$400 for 1,000 board feet.
"

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