bitcoin core – Why is my blockchain progress not 1 despite the fact that it reveals the newest block?

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My bitcoind logs reveals that its progress is lower than 1, however the block peak is the newest block. How is that this potential? Do I misunderstand that progress means what share of my blockchain is absolutely synced? How can I do know if my blockchain is absolutely synced if progress will not be a dependable indicator?

2022-11-08T05:05:19Z UpdateTip: new greatest=00000000000000000001bc1f78a62aed7671944b184d5389fe688a1b3b1ba289 peak=762214 model=0x24a1e000 log2_work=93.831102 tx=778554496 date="2022-11-08T04:49:48Z" progress=0.999997 cache=1.1MiB(8510txo)

—Edit—-

It will definitely confirmed a progress of 1 when the subsequent block was added (762215) so does progress measure the time it takes for the subsequent block to be added to the chain?

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