[dragonwriter]

Note this is CPI, which is not the measure the Fed uses for gauging inflation.

The Fed uses PCE. It is likely to behave similarly to CPI, though part of the reason the Fed has been as aggressive as long as it has is that PCE diverged more than is historically common from CPI during the inflation spike, spiking higher and coming down more slowly..

[lotsofpulp]

For context:

https://en.wikipedia.org/wiki/Personal_consumption_expenditu...