The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:
Click on graph for larger image.
This graph shows the year-over-year change for these four key measures of inflation. On a year-over-year basis, the median CPI rose 2.9%, the trimmed-mean CPI rose 2.2%, and the CPI less food and energy rose 2.4%. Core PCE is for July and increased 1.6% year-over-year.
On a monthly basis, median CPI was at 2.6% annualized, trimmed-mean CPI was at 2.3% annualized, and core CPI was at 3.1% annualized.
Overall, these measures are mostly above the Fed's 2% target (Core PCE is below 2%).
According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.6% annualized rate) in August. The 16% trimmed-mean Consumer Price Index also rose 0.2% (2.3% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report.Note: The Cleveland Fed released the median CPI details for August here. Motor fuel was down 34% annualized.
Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers rose 0.1% (0.7% annualized rate) in August. The CPI less food and energy rose 0.3% (3.1% annualized rate) on a seasonally adjusted basis.
Click on graph for larger image.This graph shows the year-over-year change for these four key measures of inflation. On a year-over-year basis, the median CPI rose 2.9%, the trimmed-mean CPI rose 2.2%, and the CPI less food and energy rose 2.4%. Core PCE is for July and increased 1.6% year-over-year.
On a monthly basis, median CPI was at 2.6% annualized, trimmed-mean CPI was at 2.3% annualized, and core CPI was at 3.1% annualized.
Overall, these measures are mostly above the Fed's 2% target (Core PCE is below 2%).