Key Measures Show Inflation Near 2% YoY in March

The Cleveland Fed released the median CPI and the trimmed-mean CPI on 20200410:

According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.5% annualized rate) in March. The 16% trimmed-mean Consumer Price Index also rose 0.2% (1.9% 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 and are based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report.

Median CPI

Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers fell 0.4% (-5.0% annualized rate) in March. The CPI less food and energy fell 0.1% (-1.2% annualized rate) on a seasonally adjusted basis.

Note: The Cleveland Fed released the median CPI details for March. Motor fuel decreased at a 73% annualized rate in March!

CPI Current Components

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