Besides that though, Uscon had a point in wanting to remember wages in the mix which the PCE and CPI ignore. That's why I kind of prefer the GDP deflator which meassures price changes for every single thing in the entire economy for which money's used to buy.
Turns out that counting wages (along with factory construction and jet fighters etc.) that inflation actually is in fact a tad higher than just the CPI, it's 1.7% and going back down toward the 0.1% annual we had a year ago. Still way below the 2% limit the Fed says they watch out for.