Inflation is tame, or shooting up, take your pick

Longtime readers of this blog know I’m amused when my RSS newsreader stacks links to coverage of the same news that have headlines and ledes that seem contradictory:

New York Times: “Inflation Was Tame in October”

Lede: “Inflation remains contained despite high oil prices and a record low dollar, a government report showed today, offering some reassurance to the Federal Reserve as it considers lowering interest rates at its next meeting.

AP: “Consumer Prices Up 0.3 Percent”

Lede: “Consumer inflation posted another elevated reading in October as energy prices shot up by the fastest pace in five months.”