Good news for funds like TLT: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. However, factoring out the vehicle category, “core” inflation still edged up only 0.2%, reflecting an almost total lack of pricing pressure in the economy. In other words, commodityinflation was alive and well in the U.S. economy even before the Fed’s $600 billion quantitative easing program sent commodity prices into overdrive in an apparent attempt to boost inflation across the board.