There Is An Inflation Problem: It's Falling Below Target

[data source]

Annualized 6 and 12 Month Trimmed Mean
PCE Inflation Rates from 1/12 - 12/12

	6-month	12-month
Jan-12	2.02	2.08
Feb-12	1.86	2.02
Mar-12	1.97	2.02
Apr-12	1.96	1.94
May-12	1.85	1.89
Jun-12	1.75	1.87
Jul-12	1.62	1.82
Aug-12	1.62	1.74
Sep-12	1.54	1.75
Oct-12	1.44	1.70
Nov-12	1.45	1.65
Dec-12	1.34	1.55