The Fed's preferred price gauge, the core personal-consumption deflator, went up by 2.4% in the year to October, only a little short of the fastest pace for a decade.

美联储偏爱的价格量尺，核心个人消费支出平减指数，到今年10月份上升了2.4%，与十年来的峰值只差一步之遥。

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The GDP deflator should be the broadest measures of inflation, capturing price changes for all goods and services, including non-consumption goods.

GDP平减指数应该是最广义的通胀指标，涵盖所有商品和服务（包括非消费品）的价格变化。

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He notes that with little fanfare the Fed recently switched its inflation benchmark from the Personal Consumption Expenditure deflator to the Consumer Price Index.

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