According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.0% annualized rate) in March. The 16% trimmed-mean Consumer Price Index rose 0.1% (1.5% annualized rate) during the month. 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.Note: The Cleveland Fed has the median CPI details for March here. Motor fuel was up 29% annualized in March following several months of large declines.
Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers rose 0.1% (1.1% annualized rate) in March. The CPI less food and energy rose 0.1% (0.8% annualized rate) on a seasonally adjusted basis.
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 2.4%, the trimmed-mean CPI rose 2.0%, and the CPI less food and energy also rose 2.2%. Core PCE is for February and increased 1.7% year-over-year.
On a monthly basis, median CPI was at 2.0% annualized, trimmed-mean CPI was at 1.5% annualized, and core CPI was at 0.8% annualized.
On a year-over-year basis, three of these measures are at or above 2%.
Using these measures, inflation has been moving up, and most are close to the Fed's target (Core PCE is still below).
from
http://feedproxy.google.com/~r/CalculatedRisk/~3/Dya1JqZeeDY/key-measures-show-inflation-close-to-2.html
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