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!
This graph shows the year-over-year change for these four key measures of inflation.