so as the little ray of sunshine, the inflation indexes are down and actually shows a decrease overall for the year. The reason is that Oil is back down under $100, more like $92 right now, and there never was inflation to speak off, just a spike in prices that didn't trigger a wage-price spiral.
On the good side of things it means the FED can run the presses without putting too much pressure. This is the stagnation of the monetary mass. It will not go up, not spiral down, it will go down gently. Finally some room to wiggle.