Dave writes: “Excluding gasoline, the annual inflation rate would have been a much more modest 1.1 per cent in September” but finds nothing remarkable that the Bank’s new preferred core measures come in at 1.6% in September. On the other hand, the CPIXFET measure that was the Bank’s original core measure is probably 1.0% in September. The CPIX, which was the Bank’s original preferred core measure shows a 0.8% inflation rate in September, but it includes electricity, whose prices are for the time driven by politics, not the market; excluding electricity the CPIX inflation rate would be about 1.0% for September. So the new core inflation measures, on which the Bank set so much store, seem somewhat suspect.