For the 13th straight month, core consumer prices have risen faster than the Fed's mandated 2% on a year-over-year basis. Headline CPI rose 1.7% YoY - the fastest pace of inflation since July 2014.
The CPI data met expectations across the board but the real cost of living - for those who prefer a roof over their head - is rising at the fastest pace since 2007.
Probably nothing though... "Transitory" is the term PhDs would probably use.