by Calculated Risk on 11/10/2022 11:18:00 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 October. The 16% trimmed-mean Consumer Price Index increased 0.4% 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”.
This graph shows the year-over-year change for these four key measures of inflation.
Note: The Cleveland Fed released the median CPI details here: “Fuel oil and other fuels” increased at a 232% annualized rate in October.