But gasoline plunged and durable goods dropped. Food rose further from already painfully high levels.

Energy plunges, durable goods drop, food ticks up from sky-high levels, but meat re-surges, services are hot, rents accelerate, auto insurance spikes.

Hitting all his hot buttons today with the month-to-month PCE price index.

This was the last of 12 health insurance adjustments that pushed down core CPI and core services CPI; it will swing the other way next month.