That is the trailing twelve months rate, and inflation was very high in the first six months of the trailing twelve months. Core inflation actually fell last m

That is the trailing twelve months rate, and inflation was very high in the first six months of the trailing twelve months. Core inflation actually fell last month [1], and the producer price index has been very low the past several months [2] [1] https://tradingeconomics.com/united-states/core-pce-price-index-mom https://tradingeconomics.com/united-states/core-pce-price-in... [2] https://tradingeconomics.com/united-states/core-producer-prices-mom https://tradingeconomics.com/united-states/core-producer-pri...