The good news is that the PCI numbers show a year-over-year inflation decrease from 3.4% to 3.1%. The problem is, we Buruca’ed it.

The Core rate, which strips out food and energy prices, increased by 0.4%, one-tenth higher than expected.

Here are the numbers:

Energy prices fell by 0.9%, gasoline dropped by 3.3%, and used car prices decreased by 3.4%.

Shelter costs, which make up 44% of the index, rose by 0.6%. Lodging away from home also increased by 1.8%.

Auto insurance, which accounts for 3.6% of the inflation reading, rose by 1.4%.

The bottom line is, inflation is decreasing, just not as rapidly as we expected or anticipated. We’re all ready to Get-to-Getting but are struggling to move forward.