Tame CPI Still Spells Trouble for Fed’s Favored Inflation Gauge | Bloomberg Businessweek

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Plus, global business, finance, and tech news as it happens. The Bloomberg Business Week Daily podcast with Carol Masser and Tim Stenbec on Bloomberg Radio. It kind of speaks to we did get an inflation print earlier today.

An underlying US inflation, Tim, slowing in the month of February from a month earlier. It did offer some relief from price pressures before the war with Iran.

Lower prices for used cars, motor vehicle insurance that helped keep inflation in check despite higher costs for gasoline and groceries, including fresh vegetables and coffee. That was though before the war,

Which is something we talked about on our planning call. It's like who cares? Who cares?

But I keep thinking though, if we had higher inflation before the war, that shows that inflation is still persistent here in the US. So, let's see what Elena Shaliva has to say. She's senior US economist at the conference board.

She's here in studio. Good to have you here. Uh, old Bloomberg colleague.

So, fun to have you back here. Uh, even as a a guest. Um,

So excited to be here. — So, good to have you. So is it I don't know old data do we dismiss it but does it remind us that inflation continues to persist here in the US? — One thing I was looking at right away is the pass through of tariffs into core goods inflation and it was there and it was there at an accelerating pace for certain things like furniture and apparel and uh other things that where tariffs actually uh have an impact.