Dirk Hanlon: inflation hit 3.7%; core inflation, 2.6%. Gus: core! The real one's lower, fill up the car! Dot: Father, core excludes food and energy, and gasoline is energy; core was 2.6% against a 2.5% forecast. Gus: fine, I'll only buy the core stuff. Dot: that excludes dinner.
Core inflation, which leaves out food and energy, was 2.6% in September against a 2.5% forecast, well below the 3.7% headline; the calmer number is calm precisely because it excludes the groceries and gasoline that rose most.
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