Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.5% in February

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 0.5% in February. The 16% trimmed-mean Consumer Price Index also increased 0.5% in February. “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: “Used Cars” were down 3% annualized, and this will likely show declines in coming months.  Motor fuel was up 118% annualized in February and will likely increase further in March.