According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.5% in April. The 16% trimmed-mean Consumer Price Index increased 0.4% in April. “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 slightly annualized in April, and this will likely show further declines in coming months. Motor fuel was down 51% annualized in April after increasing sharply in March
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This graph shows the year-over-year change for these four key measures of inflation.