Disinflation Continues...

Despite all the worries about inflation, the latest release of the Dallas Fed's Trimmed mean PCE inflation calculations (a measure of the core rate of inflation) indicates that inflation is still headed downward:

[click to enlarge]

"The trimmed mean PCE inflation rate is an alternative measure of core inflation in the price index for Personal Consumption Expenditures"

Here are the recent data for the 12-month inflation rate (3/29 release):

	12-month
Mar-09	2.26
Apr-09	2.24
May-09	2.08
Jun-09	1.94
Jul-09	1.66
Aug-09	1.60
Sep-09	1.45
Oct-09	1.51
Nov-09	1.40
Dec-09	1.37
Jan-10	1.18
Feb-10	1.04