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The Cleveland Fed released the median CPI and the trimmed-mean CPI.
According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.1% in June. The 16% trimmed-mean Consumer Price Index also increased 0.1% in June. “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”.
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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 6.4%, the trimmed-mean CPI rose 5.5%, and the CPI less food and energy rose 5.0%. Core PCE is for May and increased 4.6% year-over-year.
Note: The Cleveland Fed released the median CPI details. “Motor Vehicle Insurance” increased at a 21% annualized rate in June.
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