by Bill McBride on 4/13/2012 11:54:00 AM
Friday, April 13, 2012
Earlier today the BLS reported:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in March on a seasonally adjusted basis ... The index for all items less food and energy rose 0.2 percent in MarchThe 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 0.2% (2.2% annualized rate) in March. The 16% trimmed-mean Consumer Price Index increased 0.2% (2.7% annualized rate) during the month.Note: The Cleveland Fed has the median CPI details for March here.
Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers increased 0.3% (3.5% annualized rate) in March. The CPI less food and energy increased 0.2% (2.8% annualized rate) on a seasonally adjusted basis.
Click on graph for larger image.
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 2.4%, the trimmed-mean CPI rose 2.4%, and core CPI rose 2.3%. Core PCE is for February and increased 1.9% year-over-year.
These measures show inflation on a year-over-year basis is mostly still above the Fed's 2% target.
Posted by Bill McBride on 4/13/2012 11:54:00 AM