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lydia hu has more on that. >> reporter: the white house claimed this week that inflation is falling, but what's actually happening? inflation is still increasing but at a slower pace. and that does not mean prices are falling especially since inflation is cumulative. consider how inflation is compounded year-over-year. take, for example, cereal. prices are up 9.3 percent over a year ago, but a year ago prices for career y'all were up 12.8% concern cereal were up 12.8%. that means cereal prices remain more than 23% higher over two years ago. there's similar math for staples like butter and margarine, up 9.2% over a year ago but up more than 29% over two years ago. and bread up 12.5% over a year ago now, up more than 21% over two years ago. but not only are prices up, our