Core exports are trending up at about 10 percent year over year, not enough to prevent a widening of the deficit.

If this continues, it can do real damage to core inflation, making it all the more important that the Fed succeeds in slowing the economy to ease inflation pressure.

After four straight months of worse-than-expected core CPI numbers, (this report provides) some relief.

November will be better, but the past year's flat trend in the core deficit seems to be breaking.

This strongly suggests that core finished goods' prices will slow over the next few months,