headline cpi rose. , young us now on the data lena. talk us through the numbers. chart that i brought on apparel prices and that showed a very big spike in january, so what happens is apparel prices usually fall in january as retailers make deep discounts. this time around, the prices actually rose. that drove to this and other categories in unusual increase. >> is there any reason to think that this is the start of a turnaround or is this weird noise that may have had to do with makeup for the deep discount we saw? >> i think it is totally noise. historyee through usually after the spikes, it goes down. growth,ook at the trend goodill see that actually is still falling. is the white line on the chart. look at the yellow line of the chart. sideways ating best. ofare not in the beginning inflation. we're moving slowly in terms of higher inflation. >> we have more than cpi today. we have a chart looking at the retail sales. what are we seeing here? shows the numbers and you see there was a big spike in the fourth quarter of last year in terms of sales. we think cons