by Calculated Risk on 8/10/2022 11:13:00 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 July. The 16% trimmed-mean Consumer Price Index increased 0.4% in July. “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: “Motor Fuel” decreased at a 61% annualized rate in July!
This graph shows the year-over-year change for these four key measures of inflation.