Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.2% in November

Note: The Cleveland Fed release was delayed this month. 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 0.5% in November. The 16% trimmed-mean Consumer Price Index increased 0.2% in November. "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 7.0%, the trimmed-mean CPI rose 6.7%, and the CPI less food and energy rose 6.0%. Core PCE is for October and increased 5.0% year-over-year.

Note: The Cleveland Fed released the median CPI details here: "Used Cars" decreased at a 30% annualized rate in November.

Note that Owners' Equivalent Rent and Rent of Primary Residence account for almost 1/3 of median CPI, and these measures were up between 5.2% annualized in the Northeast and 10.4% in the South with an average of close to 8% annualized. This data is lagged, and actually rent growth has slowed sharply in recent months.