Core goods prices are up 1.1% from last May. Maybe that doesn't sound big - and it isn't compared to COVID days - but these are prices that *fall* frequently in normal times. Tariffs aren't done pushing up goods prices. And now energy prices are making manufacturing and delivery more expensive.
I think the most important number from the BEA this morning was goods inflation. Excluding gasoline, goods prices rose 0.7% from January to February. That is a very large price increase for a category that in normal times is often negative. Tariffs are nowhere near done pushing up prices.