Your iPhone is approximately 15 months old. Given the iPhone’s age, a battery capacity of 92% is very good. Batteries do not degrade in an orderly fashion with a definitive timeline. The battery capacity is measured by the iPhone, however, reporting this data point is of an approximate value and can catchup quickly as it did in your case.
Battery Health & Performance
Your battery health is fine and is undergoing normal usage. iPhone batteries, like all rechargeable batteries, are consumable components that become less effective as they age. You should change out the battery once your Battery Health reaches below 80% which will take over 2 years to reach under normal usage. Until then enjoy your iPhone.
Here is some more reading on an iPhone battery and its performance ➡️ iPhone Battery and Performance - Apple Support
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