After looking through the NBC article, I found that the data used to defend this statement was from the US Bureau of Labor Statistics, a government site. It shows a graph of the consumer price index (variation of prices paid by consumers) from January 2019 until September 2024, and it shows that the price levels have gone down to a similar level since before inflation started rapidly increasing in 2021. However, February 2021 shows a level of about 1.5%, and September 2024 shows a level of just below 2.5%, so this statement is technically incorrect. But I think the overall trend makes the statement partially true, just exaggerated by a month, because the level for March 2021 is almost the same as February 2021.
https://www.bls.gov/news.release/cpi.nr0.htm
