"Consumer prices excluding food and energy fall"
In other words, everything you need to buy went up! Everything you can put off or do without went down! Except at Maaco, the car painting company – their bargain rate just went up 20%, right when I was getting around to having the old Honda sprayed, so it will remain a lovely shade of camouflage.
And so did interest rates sort of. The Fed finally moved, raising a key but obscure rate, and it will hopefully signify the start of better returns on your savings. Of course, one major downside is that higher interest rates will have a stunning effect on the national debt. The increasing cost of carrying that debt will be wildly disproportional to the meager increased return you get on your bank account.