Cleveland Fed: Median CPI increased 0.4% and Trimmed-mean CPI increased 0.3% in December

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 0.4% in December. The 16% trimmed-mean Consumer Price Index increased 0.3% 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".

Click on graph for larger image.

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 5.1% (down from 5.2% in November), the trimmed-mean CPI rose 3.9% (down from 4.0%), and the CPI less food and energy rose 3.9% (down from 4.0%). 

Core PCE is for November was up 3.2% YoY, down from 3.4% in October.

Note: The Cleveland Fed released the median CPI details. "Fuel oil and other fuels" decreased at a 33% annualized rate in December. 

Rent and Owner's equivalent rent are still very high, and if we exclude rent, median CPI would be close to 3.3% (well below 5.1%).