PyCharm code completion highlighting functionality in list of suggestions

PyCharm shows suggestions as we type (e.g., a list of methods a class contains). We can then use the buttons up and down. The current item in the list of suggestion list will be highlighted. The highlighted suggestion can then be selected for code completion by hitting enter. See the examples (https://www.jetbrains.com/help/pycharm/auto-completing-code.html) and images below:

highlighting for code completion working:

highlighting of current suggestion for code completion working:

However, this highlighting of the current suggestion within the list of suggestions doesn't seem to work anymore (see attached images).

highlighting not available/functional for current item in list of code completion suggestions:

It is quite confusing because upon hitting up and down a few times, we don't know what item we are currently at in the list of suggestions for code completion.

I do have the most up-to-date PyCharm version for MacOS:

PyCharm 2022.2.2 (Professional Edition) Build #PY-222.4167.33, built on September 15, 2022 Runtime version: 17.0.4+7-b469.53 x86_64 VM: OpenJDK 64-Bit Server VM by JetBrains s.r.o. macOS 12.6

Any ideas on how to fix this PyCharm behaviour?

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