Chart of the Day: Median CPI vs. BLS CPI

According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.1% (1.8% annualized rate) 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.

Over the last 12 months, the median CPI rose 1.8%, the 16% trimmed-mean CPI rose 1.1%, the CPI decreased 1.5%, and the CPI less food and energy rose 1.4%.

Comments

[strutzma:]

Mark,
Are you beginning to lay out your case for stagflation, whereas we've had increases in inflation even while losing millions of jobs???

Sep 17 04:45 AM