“Even though this data is now a few months old, it shows that the Federal Reserve’s inflation problem is far from solved,” said Rick Gardner, chief investment officer at RGA Investments in Raleigh, N.C.

https://www.marketwatch.com/story/the-feds-favorite-inflation-tool-shows-it-has-more-work-to-do-to-ratchet-down-price-increases-9fe9dfff