The Cleveland Fed released the median CPI and the trimmed-mean CPI.
Click on graph for larger image.
According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.4% in February. The 16% trimmed-mean Consumer Price Index increased 0.3%. “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”.
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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 4.6% (down from 4.9% in January), the trimmed-mean CPI rose 3.5% (down from 3.7%), and the CPI less food and energy rose 3.8% (down from 3.9%).
Core PCE is for January was up 2.8% YoY, down from 2.9% in December.
Note: The Cleveland Fed released the median CPI details. The volatile “Motor fuel” increased at a 54% annual rate in February.
Rent and Owner’s equivalent rent are still very high, and if we exclude rent, median CPI would be around 1.8% year-over-year.