Inflation has picked up somewhat, but core inflation remains low.

通货膨胀有所抬头，但核心通胀仍保持低位。

Through comparing characteristics of the trend of core inflation with CPI and the other core inflation indexes shows that core inflation has relative stability.

通过整体通货膨胀率与各种核心通货膨胀率的走势特征的相互比较，表明核心通货膨胀率具有相对的稳定性。

I still think core inflation will rise to 2% or more.

我仍然认为，核心通货膨胀将上升到2%以上。

Second, the correlation between the last three months of core inflation and the following three months of overall inflation.

第二，最近三个月和之后三个月的核心通胀系数之间的相互关系。

The most significant question for the Fed, then, is whether overall or core inflation right now is a more reliable gauge of where headline inflation will be next year.

答案是否定的。 不管是对核心通货膨胀还是全面通货膨胀，美联储对今天的通货膨胀的抑制能力是微不足道的。 美联储的影响在一两年或一段时间后的才能见效。

Through analyzing the relevance of the core inflation and monetary policy index judges that the last five years of China's monetary policy is failure.

通过核心通货膨胀率与货币政策指标的关联性分析，得出我国最近五年货币政策失效的结论。