US ECON: Cleveland Fed's Median CPI +0.2% in April

According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.1% annualized rate) in April while the 16% trimmed-mean Consumer Price Index rose 0.2% (2.5% annualized rate) during the month. Over the last 12 months, the median CPI rose 3.4%, the 16% trimmed-mean CPI rose 2.8%, the CPI 2.6%, and the CPI less food and energy 2.3%.

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.

Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers rose 0.4% (5.1% annualized rate) in April. The CPI less food and energy rose 0.2% (2.1% annualized rate) on a seasonally adjusted basis.