by Calculated Risk on 12/11/2019 11:15:00 AM
Wednesday, December 11, 2019
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 0.2% (2.9% annualized rate) in November. The 16% trimmed-mean Consumer Price Index rose 0.3% (3.1% annualized rate) during the month. 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 for November here.
Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers rose 0.3% (3.1% annualized rate) in November. The CPI less food and energy rose 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 2.9%, the trimmed-mean CPI rose 2.4%, and the CPI less food and energy rose 2.3%. Core PCE is for October and increased 1.6% year-over-year.
On a monthly basis, median CPI was at 2.9% annualized and trimmed-mean CPI was at 3.1% annualized.
Overall, these measures are mostly above the Fed's 2% target (Core PCE is below 2%).
Posted by Calculated Risk on 12/11/2019 11:15:00 AM