Down 0.1%
http://www.bls.gov/news.release/cpi.nr0.htm
Still no sign of hyperinflation.
Of course, hyperinflation is more-or-less impossible in conditions in which house prices are falling. The value of money is increasing relative to the value of assets, rather than decreasing.
Higher rates of inflation are only really conceivable once house prices are stable, at a minimum, and more likely increasing fairly quickly in a loose money environment.
To get hyper-inflation, you need a government which is obviously unable to pay its debts and lacks all credibility. US interest rates are at historic lows. This suggests the market views the credibility of the dollar and the Fed to be unimpeachable. It also means the interest burden is very light.
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