Note: I didn’t update this last week.
According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% in August. The 16% trimmed-mean Consumer Price Index also increased 0.3% in August. “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. “Motor Fuel” increased at a 237% annualized rate in August!