The core rate has not shown signs of picking up.
Not since January 1995 has the core rate risen this much.
The increase in the core rate was the biggest since 1995.
The core rate is meaningful for financial markets, but real people buy food and gas.
The core rate was up 2.2 percent, the same as in 2004.
The last time the core rate rose that fast was in 1980.
The core rate, without food and energy, rose by the same percentage.
The Fed keeps a close eye on growth in the core rate.
Tobacco and cars were the main sources of pressure in the core rate.
He said it was clear that the outlook for the core rate is not anything like the January level.