Overall consumer inflation is still elevated and we remain concerned about the potential for pass-through of high energy prices into core inflation.
Core inflation remains contained in November, albeit at the upper end of the ( Federal Reserve 's) informal target range of one-two percent.
Core inflation remains contained in November, albeit at the upper end of the Feds informal target range of 1-2 pct.
With energy prices pushing up overall inflation again, there remains the risk of pass-through into core inflation.