In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Wednesday, November 10, 2021

Cleveland Fed: Median CPI increased 0.6% and Trimmed-mean CPI increased 0.7% in October

by Calculated Risk on 11/10/2021 11:56:00 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 0.6% in October. The 16% trimmed-mean Consumer Price Index increased 0.7% in October. "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 September here. "Fuel oil and other fuels" were up 193% annualized.

Note that Owners' Equivalent Rent and Rent of Primary Residence account for almost 1/3 of median CPI, and these measures were up over 5% annualized in October.

Inflation Measures 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 3.1%, the trimmed-mean CPI rose 4.1%, and the CPI less food and energy rose 4.6%. Core PCE is for September and increased 3.6% year-over-year.