From Yahoo Finance:
A key inflation gauge that is tied to consumer spending showed a minuscule 0.1 percent gain in February, after excluding energy and food. Over the past 12 months, this gauge, which is closely watched by the Federal Reserve, is up by 2 percent, putting it back within the Fed's 1 percent to 2 percent comfort zone for core inflation.If you believe inflation is between 1 and 2 %, then I have some lovely beach front property to show you in Idaho.
Oh wait I see now, this is excluding energy and food. Phew! Since I never eat, or drive, or heat or cool my home, I guess there's nothing to worry about.