The Consumer Price Index for February 2010 is out and it is unchanged from last month.
Gas dropped 1.4% giving energy an overall drop of 0.5%. I want to note, medical care increased 0.5%. This is rarely mentioned but regardless of what's going on, every month these numbers increase. It's like an out of control weed, often masked by the energy yoyo.
Besides the yoyo on energy, one can see cash for clunkers effects really disappear as used car and trucks are up 14.1% for the year.
I just read one mainstream analysis claiming the deflationary aspect of this recession was all due to housing. While housing is heavily weighted (obviously the biggest expense is shelter for most people), look at the two categories of energy vs. housing in the below graph:
CPI-W also was unchanged. This index is used to calculate cost of living adjustments for social security.