The majority of the inflation from 2012 occurred in the first quarter with extremely high monthly rates of inflation.  Overall in 2012 there were 6 very inflationary months (on a monthly basis), 5 slightly deflationary months and 1 very deflationary month (November).  The first month of 2013 started out pretty inflationary but the first quarter of the year generally shows the most inflation for the entire year. See Table … [Read more...]