by Calculated Risk on 4/12/2022 11:09:00 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 0.5% in March. The 16% trimmed-mean Consumer Price Index also increased 0.5% in March. “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 37% annualized in March, and this will likely show further declines in coming months. Motor fuel was up 648% annualized in March!
This graph shows the year-over-year change for these four key measures of inflation.