More current data indicating inflation in the economy is vey low and certainly not a significant issue as a whole.

http://quote.bloomberg.com/apps/news...fer=news_index

Jan. 18 (Bloomberg) -- U.S. consumer prices unexpectedly fell for a second straight month in December, making it more likely that the Federal Reserve is almost done raising interest rates.

The 0.1 percent drop in the consumer price index followed a 0.6 percent decrease in November, the first back-to-back declines in two years, the Labor Department said today in Washington. Core prices, which exclude fuel and food, rose 0.2 percent for a third month.

The 2.2 percent rise last year in prices excluding food and energy matched the rise in 2004 and the average for the last decade, suggesting companies had difficulty passing on higher fuel costs. The limited spillover from higher fuel costs is one reason Fed policy makers have suggested they may be close to finishing a series of interest rate increases.