If you beleive the CPI and the definition of the Core Inflation Rate then that is true, for now. What most people don't realize is that the gubment does not include the cost of food or energy in the inflation indices. Food and energy also happen to be the average family's 2nd and 3rd largest budget item after housing.
This was done to reduce the amount of COLA (Cost Of Living Adjustment) for Social Sec. and payrolls.
The government has been lying and fudging all kinds of economic numbers and reports since Obama took office.
Do not believe a word they say.