Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.

Collectively, Americans owe a record $1.17 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Still, credit card delinquency rates improved in the most recent quarter,

The total debt at U.S. households edged up 0.8% Q/Q to $17.94T in Q3. Meanwhile, the aggregate delinquency rate worsened during the quarter, according to data released by the Federal Reserve Bank of New York's Center for Microeconomic Data on Wednesday.