The October CPI update is out.
For the past year, the consumer price index is up 2.5%.
The Core CPI, which is generally less volatile, was up 2.2%.
So basically, we are about where the Fed wants inflation to be.
The challenge or concern of course will they be able to keep it around it 2% target rate.
With oil dropping significantly the last few weeks, lower gasoline prices should help lower future CPI readings.