CPI - A Broadly Strong Number With Some One-Off Negative Surprises

The NSA numbers, the non-seasony just number was 0.8%, which is pretty high. The expectation of 4 tenths of a percent on core was a little bit higher than I think a lot of observers really think the run rate is. What that means is all else being equal, you should have expected a lower than expected core number. That's a very different outcome. It's a broadly strong versus a broadly weak number.