Oil is already about 25 or 30% off the top. Gasoline is, has come down more than 10%. So I am very confident that the challenging time with gasoline will pass by. Core inflation, which is real underlying inflation, surprised on the downside, it was only 0.2%. So again, once we get on the other side of this energy pinch, and as you said, the important thing is that underneath all that, the economy is doing very well. (02:16–02:24)
CLAIM
Asserts that core inflation was lower than expected at 0.2%.
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