{"id":436099,"date":"2026-08-12T23:00:13","date_gmt":"2026-08-12T16:00:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/cleveland-fed-median-cpi-0-3-vs-0-2-prior-436099\/"},"modified":"2026-08-12T23:00:13","modified_gmt":"2026-08-12T16:00:13","slug":"cleveland-fed-median-cpi-0-3-vs-0-2-prior","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/cleveland-fed-median-cpi-0-3-vs-0-2-prior-436099\/","title":{"rendered":"Cleveland Fed median CPI +0.3% vs +0.2% prior"},"content":{"rendered":"<div>\n<ul>\n<li>Prior was +0.2% m\/m<\/li>\n<li>16% trimmed mean CPI +0.2% vs 0.0% prior<\/li>\n<\/ul>\n<p>On a 12-month basis:<\/p>\n<ul>\n<li>Median CPI 2.7% vs 2.7% prior<\/li>\n<li>16% trimmed-mean 2.6% vs 2.6% prior<\/li>\n<\/ul>\n<p>Here is the Cleveland Fed&#8217;s description of what they&#8217;re doing:<\/p>\n<blockquote><p>A number of measures have been developed to measure underlying<br \/>\ninflation. The CPI excluding food and energy prices (core CPI) removes<br \/>\nprice changes of the same items from the CPI each month\u2014namely, food and<br \/>\n energy prices\u2014because they are typically the most volatile. The median<br \/>\nCPI and the trimmed-mean CPI use a different approach. These measures<br \/>\nexclude the smallest and largest price changes during the month, so the<br \/>\nitems excluded from the CPI change from month to month. The median CPI<br \/>\nexcludes all price changes except for the one in the center of the<br \/>\ndistribution of price changes, where the price changes are ranked from<br \/>\nlowest to highest (or most negative to most positive). The 16 percent<br \/>\ntrimmed-mean CPI excludes price changes in specified upper and lower<br \/>\ntails of the distribution.<\/p><\/blockquote>\n<blockquote><p>According to research from the Cleveland Fed, the median CPI provides<br \/>\n a better signal of the underlying inflation trend than either the<br \/>\nall-items CPI or the CPI excluding food and energy. The median CPI is<br \/>\neven better at forecasting PCE inflation in the near and longer term<br \/>\nthan the core PCE price index.<\/p><\/blockquote>\n<p>These numbers are a tad more inflationary than the headlines but certainly not anything alarming. THe US dollar hs recouped its earlier declines.<\/p>\n<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was +0.2% m\/m 16% trimmed mean CPI +0.2% vs 0.0% prior On a 12-month basis: Median CPI 2.7% vs 2.7% prior 16% trimmed-mean 2.6% vs 2.6% prior Here is the Cleveland&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436099","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436099"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436099\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}