The consumer price index came in better than expected this morning, showing continued progress in the fight against inflation.

Topline year-over-year inflation held steady in September at 3.7%, with month-over-month inflation slowing to 0.4% from 0.6% in August, despite the recent surge in gas prices. Core inflation (which excludes energy and food) fell to 4.1% from 4.3% over the year, holding steady at 0.3% over the month.