TBH, I'm pretty surprised that core inflation seems to have not grown as much as expected. That's actually very good news, given that core inflation is lifted

TBH, I'm pretty surprised that core inflation seems to have not grown as much as expected. That's actually very good news, given that core inflation is lifted by fuel prices (since increased fuel prices influence prices across the economy). This... seems like a good news story? Obviously the Russian invasion of Ukraine has royally messed up fuel and food prices, but that's a specific shock that's independent of larger macroeconomic issues.