Latest News

Cleveland Fed: Median CPI increased 0.7% and Trimmed-mean CPI increased 0.6% in August

0

by Calculated Risk on 9/13/2022 11:19:00 AM

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:

According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.7% in August. The 16% trimmed-mean Consumer Price Index increased 0.6% in August. “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 here: “Motor Fuel” decreased at a 73% annualized rate in August!

Note that Owners’ Equivalent Rent and Rent of Primary Residence account for almost 1/3 of median CPI, and these measures were up between 7.5% annualized in the Midwest and almost 11% in the South with an average of close to 8.7%. The year-over-year increase was larger in August than in July.
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 6.7%, the trimmed-mean CPI rose 7.2%, and the CPI less food and energy rose 6.3%. Core PCE is for July and increased 4.6% year-over-year.

White House Is Pushing Unions and Rail Companies to Avoid Strike

Previous article

Monte dei Paschi’s junior debt rallies on Anima’s support for cash call

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News