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Finding the genuine inflation number isn't easy.
The April inflation number, while relatively low, did not take the pressure off the Fed.
But if the price momentum at the end of September continues, October's inflation number could be unsettling.
Speaking to MPs on Tuesday, he said the effects that pulled the latest inflation number lower appeared to be "transitory".
The low inflation number, released Friday, was in line with forecasts, but analysts widely expect a rebound in February.
"The markets will have some indigestion with this inflation number," said Michael H. Strauss, market strategist and chief economist at Commonfund in Wilton, Conn.
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The overall slide in technology shares became severe, meanwhile, spurred in part by higher-than-expected inflation numbers, interest rate fears, Microsoft's antitrust woes and concerns about inflated valuations.
"These latest inflation numbers are welcome news for families.
"If you want to look at inflation numbers, the game's not on that channel.
Until now the state pension has been based on the September inflation numbers.
"We have a recession, and while that's lamentable, it makes the inflation numbers old news".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com