The government just released the latest report on inflation. CBS News Business Analyst Jill Schlesinger helps break down the report showing a decline for the first time since June 2021.

• • Sales slipped 0.7%
• • Existing home sales 4 MM
• • Median sales price $359,000 Up 1.3% from a year ago
• • Inventory of unsold homes up from prior month
• • More From the National Association of Realtors

"Generally speaking, food inflation has been the most stubborn of the categories," Walmart U.S. CEO John Furner told analysts and investors on the call.

While the 2022 wedding boom is now winding down, a survey of vendors found 77% are raising their prices this year because of inflation. 

Workers priced out as rents soar in hot real estate market

In affluent Naples, the average rent for a two-bedroom apartment now tops $2,800, up nearly 60% from a year ago, according to listing site rent.com.

That's far from affordable.

Doug Van Soest, co-founder of Socal Home Buyers, a professional real estate investment company, said that the New Orleans real estate market has unique characteristics, including historic architecture, vibrant culture and diverse neighborhoods, which make it stand out from other big cities and contribute to its charm and appeal.