• Headline inflation has increased just 1.1% over the last 12 months.
• Core inflation, however, was up 0.3% in August and 2.3% over the last 12 months.
• The I Bond variable interest rate looks likely to get a big bump up on November 1.

Read my full analysis at SeekingAlpha.com

I’ve also updated my I Bonds and Inflation page with the new numbers.

And here are the new October inflation indexes for Treasury Inflation-Protected Securities.