Inflation isn't just low, it may be falling

Inflation isn't just low, it may be falling. On Friday, The personal consumption expenditures price index, which is the Fed's preferred inflation gauge, slowed to an annual gain of less than 1%. The PCE index's 0.9% annual increase in February marked the weakest reading since October, when year-over-year inflation touched a four-year low. The consumer price index, a separate inflation measure calculated by the Labor Department and released earlier this month, rose 1.1% in February from a year earlier. That, too, was a slowdown from January. Check out the chart of the PCE here: (VIEW LINK)