Title: Median Consumer Price Index Series ID: MEDCPIM157SFRBCLE Source: Federal Reserve Bank of Cleveland Release: Current Median CPI Seasonal Adjustment: Seasonally Adjusted Frequency: Monthly Units: Percent Change Date Range: 1983-01-01 to 2023-10-01 Last Updated: 2023-11-14 10:04 AM CST Notes: Median Consumer Price Index (CPI) is a measure of core inflation calculated the Federal Reserve Bank of Cleveland and the Ohio State University. Median CPI was created as a different way to get a 'Core CPI' measure, or a better measure of underlying inflation trends. To calculate the Median CPI, the Cleveland Fed analyzes the median price change of the goods and services published by the BLS. The median price change is the price change that's right in the middle of the long list of all of the price changes. This series excludes 49.5% of the CPI components with the highest and lowest one-month price changes from each tail of the price-change distribution resulting in a Median CPI Inflation Estimate. According to research from the Cleveland Fed, the Median CPI provides a better signal of the inflation trend than either the all-items CPI or the CPI excluding food and energy. According to newer research done at the Cleveland Fed, the Median CPI is even better at PCE inflation in the near and longer term than the core PCE. For further information, visit The Federal Reserve Bank of Cleveland (https://www.clevelandfed.org/indicators-and-data/median-cpi#background). DATE VALUE 1983-01-01 0.40858000999999300 1983-02-01 0.40362999000001000 1983-03-01 0.29615001000000700 1983-04-01 0.39369999000000700 1983-05-01 0.30865001000000000 1983-06-01 0.20119999999998997 1983-07-01 0.30302999000000297 1983-08-01 0.39920001000000000 1983-09-01 0.39447997999999500 1983-10-01 0.38424999999999704 1983-11-01 0.39801001999999500 1983-12-01 0.29732001000000200 1984-01-01 0.39564999999999200 1984-02-01 0.37807000000000796 1984-03-01 0.32119999999999893 1984-04-01 0.36538000999999400 1984-05-01 0.27880999000000606 1984-06-01 0.37072001000000300 1984-07-01 0.38424999999999704 1984-08-01 0.38278000000000500 1984-09-01 0.36563000000000606 1984-10-01 0.28681000999999395 1984-11-01 0.21478000999999300 1984-12-01 0.28873000000000393 1985-01-01 0.25269998999999400 1985-02-01 0.45536998999999895 1985-03-01 0.38461999999999110 1985-04-01 0.36696999000000996 1985-05-01 0.27150000000000196 1985-06-01 0.40242000999999300 1985-07-01 0.20039999000001102 1985-08-01 0.28383001000000800 1985-09-01 0.28301999000000000 1985-10-01 0.28409001000000395 1985-11-01 0.43859998999999894 1985-12-01 0.25337001000000897 1986-01-01 0.36134000000001000 1986-02-01 0.26041999999999500 1986-03-01 0.35842000999999300 1986-04-01 0.34099998999999004 1986-05-01 0.18502000000000196 1986-06-01 0.27854999000001000 1986-07-01 0.32894999999999500 1986-08-01 0.26953999999998995 1986-09-01 0.32748999000000700 1986-10-01 0.34107998999999300 1986-11-01 0.37594000000000800 1986-12-01 0.32153999999999800 1987-01-01 0.43592000999999003 1987-02-01 0.27397999000000600 1987-03-01 0.31119999000000000 1987-04-01 0.38610000999999000 1987-05-01 0.36799000000000700 1987-06-01 0.23595999999999100 1987-07-01 0.34246000000000000 1987-08-01 0.27197999999999400 1987-09-01 0.42552999000000600 1987-10-01 0.31007000000000700 1987-11-01 0.27296998999999400 1987-12-01 0.23364999999999603 1988-01-01 0.27242998999998896 1988-02-01 0.23922998999998898 1988-03-01 0.36100998999999395 1988-04-01 0.38647000000000500 1988-05-01 0.28010999999998903 1988-06-01 0.38131998999999500 1988-07-01 0.37313999999999400 1988-08-01 0.42917999000000606 1988-09-01 0.40815998999999004 1988-10-01 0.34926999000000103 1988-11-01 0.24310999999999103 1988-12-01 0.32335998999999400 1989-01-01 0.38199001000001090 1989-02-01 0.42408998000000890 1989-03-01 0.41017001000001097 1989-04-01 0.39777001000000894 1989-05-01 0.43827997999998900 1989-06-01 0.31570998999999000 1989-07-01 0.47207000000000200 1989-08-01 0.23493000999998997 1989-09-01 0.28490000000001003 1989-10-01 0.42087999000000000 1989-11-01 0.34042999999999200 1989-12-01 0.30888000000000004 1990-01-01 0.42462000000000893 1990-02-01 0.40595000999998904 1990-03-01 0.42734998000000200 1990-04-01 0.43243001999999603 1990-05-01 0.32468000000001100 1990-06-01 0.45731999000000500 1990-07-01 0.43150000000000700 1990-08-01 0.46029998999999000 1990-09-01 0.23175000999999804 1990-10-01 0.37175000000000397 1990-11-01 0.29629001000000000 1990-12-01 0.41185998999999607 1991-01-01 0.45214999000000605 1991-02-01 0.35586999999999110 1991-03-01 0.29961999999998900 1991-04-01 0.27680999999999395 1991-05-01 0.36496000999999300 1991-06-01 0.23866998999999600 1991-07-01 0.36283998999999700 1991-08-01 0.25390998999999000 1991-09-01 0.33263000999999000 1991-10-01 0.19256000000000800 1991-11-01 0.35079999000000606 1991-12-01 0.21786998999999700 1992-01-01 0.14326000000000100 1992-02-01 0.21321998999999103 1992-03-01 0.31024000999999607 1992-04-01 0.20014000999999400 1992-05-01 0.23058001000000303 1992-06-01 0.35057000000000604 1992-07-01 0.14700999999999200 1992-08-01 0.17475000000000102 1992-09-01 0.15407999999999000 1992-10-01 0.30998000999999900 1992-11-01 0.26897999999999600 1992-12-01 0.15517001000000502 1993-01-01 0.28248000999999700 1993-02-01 0.18940000000000600 1993-03-01 0.14064000000000300 1993-04-01 0.33513000000000603 1993-05-01 0.24463999999999603 1993-06-01 0.20993999000000801 1993-07-01 0.13966000000000800 1993-08-01 0.20834000000000700 1993-09-01 0.19245000000001103 1993-10-01 0.30320998999999704 1993-11-01 0.29806999999999500 1993-12-01 0.23183001000000000 1994-01-01 0.22321999999999100 1994-02-01 0.29562999999999100 1994-03-01 0.17943000000000300 1994-04-01 0.20717998999999500 1994-05-01 0.23865999999999102 1994-06-01 0.23809000999999200 1994-07-01 0.17084000000000500 1994-08-01 0.28860000999999500 1994-09-01 0.30702001000000300 1994-10-01 0.18317000000001002 1994-11-01 0.35884000999999400 1994-12-01 0.10078000000000000 1995-01-01 0.34233000999999200 1995-02-01 0.27397000000000100 1995-03-01 0.26805998999999103 1995-04-01 0.29988000000000803 1995-05-01 0.29189000000000603 1995-06-01 0.17329999999999804 1995-07-01 0.24927998999999500 1995-08-01 0.24194999000000100 1995-09-01 0.26794999999999500 1995-10-01 0.26501998999999300 1995-11-01 0.21975999999999102 1995-12-01 0.21246999999999802 1996-01-01 0.30932998999999606 1996-02-01 0.21567000000000100 1996-03-01 0.25558999999999400 1996-04-01 0.25742999000000200 1996-05-01 0.24158000000000800 1996-06-01 0.20689999000000897 1996-07-01 0.26253999999998895 1996-08-01 0.19142999999999200 1996-09-01 0.25717999999998997 1996-10-01 0.23705000000000498 1996-11-01 0.28681000999999395 1996-12-01 0.18153000000000802 1997-01-01 0.24874999999999803 1997-02-01 0.19317999999999300 1997-03-01 0.24283000000000500 1997-04-01 0.24562999999999700 1997-05-01 0.21703000999999697 1997-06-01 0.20586001000000300 1997-07-01 0.16730000000000400 1997-08-01 0.19095000000000100 1997-09-01 0.20858998999999698 1997-10-01 0.20447999999999603 1997-11-01 0.22291001000001000 1997-12-01 0.25220000999999200 1998-01-01 0.19960998999999400 1998-02-01 0.23612999000000000 1998-03-01 0.20134000000000500 1998-04-01 0.18762000000001103 1998-05-01 0.24968999999999103 1998-06-01 0.25667001000000400 1998-07-01 0.26402999999999300 1998-08-01 0.27672999999999200 1998-09-01 0.26010000000000800 1998-10-01 0.27391998999999300 1998-11-01 0.18093999999999602 1998-12-01 0.16464000000000500 1999-01-01 0.12818999999999500 1999-02-01 0.14388999999999100 1999-03-01 0.15226999999999900 1999-04-01 0.22030999000000100 1999-05-01 0.14182000000000400 1999-06-01 0.09804000099999930 1999-07-01 0.19731999000001102 1999-08-01 0.19469999999999200 1999-09-01 0.20439999999999300 1999-10-01 0.14004999999999201 1999-11-01 0.18050999999998898 1999-12-01 0.21431999999999000 2000-01-01 0.31544998999999396 2000-02-01 0.22922000000000800 2000-03-01 0.28037000000000800 2000-04-01 0.18778999999999899 2000-05-01 0.23473999000001003 2000-06-01 0.25818000999999800 2000-07-01 0.28194998999999704 2000-08-01 0.23654000999999697 2000-09-01 0.25220000999999200 2000-10-01 0.22235000999999400 2000-11-01 0.21834001000000700 2000-12-01 0.27063999000001004 2001-01-01 0.33351999999999800 2001-02-01 0.23338000999999500 2001-03-01 0.24599000000000700 2001-04-01 0.25835000000000700 2001-05-01 0.28718000000000900 2001-06-01 0.28885000000000700 2001-07-01 0.20069000000000300 2001-08-01 0.31171999999999300 2001-09-01 0.22897000999999600 2001-10-01 0.34216000000000200 2001-11-01 0.28250001000000896 2001-12-01 0.20397000000000898 2002-01-01 0.22727000000000197 2002-02-01 0.27767999999999105 2002-03-01 0.23628999000000500 2002-04-01 0.22034999000000197 2002-05-01 0.19948001000000800 2002-06-01 0.20618999999999502 2002-07-01 0.18518999999999103 2002-08-01 0.18850999999999699 2002-09-01 0.22370999000000900 2002-10-01 0.19081000000000800 2002-11-01 0.15787000000000400 2002-12-01 0.24765001000000000 2003-01-01 0.17998999999999699 2003-02-01 0.16317999999999600 2003-03-01 0.09337000100000380 2003-04-01 0.04597000099999530 2003-05-01 0.08920999799999500 2003-06-01 0.09310999900000730 2003-07-01 0.21991000999999102 2003-08-01 0.19435999999999298 2003-09-01 0.16697999999999402 2003-10-01 0.17300000000000101 2003-11-01 0.09833000399999130 2003-12-01 0.14867999999999000 2004-01-01 0.18314999999999900 2004-02-01 0.23954000999999400 2004-03-01 0.22505998999999802 2004-04-01 0.20910999999998997 2004-05-01 0.26425000000001003 2004-06-01 0.22428999999999400 2004-07-01 0.14640999999999700 2004-08-01 0.23634000999999102 2004-09-01 0.17715000000000400 2004-10-01 0.21904999999999802 2004-11-01 0.12251000000000900 2004-12-01 0.15822001000001001 2005-01-01 0.28077000999999800 2005-02-01 0.27124999999999000 2005-03-01 0.15673999000001002 2005-04-01 0.17305000000000800 2005-05-01 0.26028000000000195 2005-06-01 0.13440000000000100 2005-07-01 0.24895000000000303 2005-08-01 0.18332000000000898 2005-09-01 0.32935999000001100 2005-10-01 0.27348001000000500 2005-11-01 0.23339000000000001 2005-12-01 0.18191000000000700 2006-01-01 0.23723999000000398 2006-02-01 0.17104999999999500 2006-03-01 0.25329001000000700 2006-04-01 0.23745999000000000 2006-05-01 0.35050999999999300 2006-06-01 0.26281999999999700 2006-07-01 0.25100000000000100 2006-08-01 0.37719000000000497 2006-09-01 0.17385000000000903 2006-10-01 0.29925000999999607 2006-11-01 0.24862999999999400 2006-12-01 0.22434001000000100 2007-01-01 0.24373999000000302 2007-02-01 0.36324000000000894 2007-03-01 0.22132999999999697 2007-04-01 0.19525000000000198 2007-05-01 0.19404000000000599 2007-06-01 0.26833998999999900 2007-07-01 0.23268000000000700 2007-08-01 0.18024999999999300 2007-09-01 0.30358000999999300 2007-10-01 0.28180999000000395 2007-11-01 0.28510000999999500 2007-12-01 0.24522000000000196 2008-01-01 0.26960000000000300 2008-02-01 0.23505999999999802 2008-03-01 0.24991001000001000 2008-04-01 0.18485999999999803 2008-05-01 0.20294999999999103 2008-06-01 0.33168999999999604 2008-07-01 0.32649999000000700 2008-08-01 0.24176999000000700 2008-09-01 0.26076000999999400 2008-10-01 0.18165000000001102 2008-11-01 0.15993999999999200 2008-12-01 0.03024000000000360 2009-01-01 0.19813000999999697 2009-02-01 0.17689999999999100 2009-03-01 0.15765000000000900 2009-04-01 0.15378999999999804 2009-05-01 0.10718000000000698 2009-06-01 0.06277000099998990 2009-07-01 0.01047999999999050 2009-08-01 0.13445999999999200 2009-09-01 0.07588000200000610 2009-10-01 0.09865999500000560 2009-11-01 0.04290000100000140 2009-12-01 0.03832000099999180 2010-01-01 0.05649999899999260 2010-02-01 -0.00888999999999474 2010-03-01 -0.02387000000000360 2010-04-01 0.03764000099999440 2010-05-01 0.02295000000001050 2010-06-01 0.10478999000000899 2010-07-01 0.05253999799998970 2010-08-01 0.03577999899999630 2010-09-01 0.12712999999999800 2010-10-01 0.09336000099999800 2010-11-01 0.10920000000000900 2010-12-01 0.11538000999999900 2011-01-01 0.18749000000000102 2011-02-01 0.23177001000001002 2011-03-01 0.14419999999999403 2011-04-01 0.18552999999998898 2011-05-01 0.19015000000000000 2011-06-01 0.15916000000000302 2011-07-01 0.20900000999999300 2011-08-01 0.26105000000000700 2011-09-01 0.20532999000000302 2011-10-01 0.16697999999999402 2011-11-01 0.15263000000000900 2011-12-01 0.19574000000000000 2012-01-01 0.26267900000001004 2012-02-01 0.13930700000000000 2012-03-01 0.19948799000000197 2012-04-01 0.18846201000000100 2012-05-01 0.14320599999999600 2012-06-01 0.15877799999999300 2012-07-01 0.17200600000000196 2012-08-01 0.19977900999999000 2012-09-01 0.18858199000000303 2012-10-01 0.15492699999999401 2012-11-01 0.17106099999999500 2012-12-01 0.14800999999999803 2013-01-01 0.22566200000000400 2013-02-01 0.20203500000000000 2013-03-01 0.10072000000001000 2013-04-01 0.17242900000000700 2013-05-01 0.16158800999999100 2013-06-01 0.17638300000000198 2013-07-01 0.16541999999999402 2013-08-01 0.17726399999999900 2013-09-01 0.18413699999999500 2013-10-01 0.09646400000000720 2013-11-01 0.21457499999999502 2013-12-01 0.23401801000000302 2014-01-01 0.19834900999999802 2014-02-01 0.19382299999999300 2014-03-01 0.23518199999998898 2014-04-01 0.18272998999999698 2014-05-01 0.20969999000000100 2014-06-01 0.10862899999999301 2014-07-01 0.19823300999999300 2014-08-01 0.14481900000000700 2014-09-01 0.15987099999998902 2014-10-01 0.20019399999999800 2014-11-01 0.18610900000000100 2014-12-01 0.19647899999999400 2015-01-01 0.16086323999999802 2015-02-01 0.16143345999999300 2015-03-01 0.20055100000000398 2015-04-01 0.24359722000000303 2015-05-01 0.20608880999999402 2015-06-01 0.24438815000000802 2015-07-01 0.15877489000000197 2015-08-01 0.13530443000000500 2015-09-01 0.24649848000000102 2015-10-01 0.18830126000000100 2015-11-01 0.18685766999999600 2015-12-01 0.15162248000000197 2016-01-01 0.22294716480058000 2016-02-01 0.20905563632922500 2016-03-01 0.18330761503331200 2016-04-01 0.31333325141613694 2016-05-01 0.26935032737061000 2016-06-01 0.17361508581545900 2016-07-01 0.20518232766975100 2016-08-01 0.22572405743575000 2016-09-01 0.20584751975893900 2016-10-01 0.16663311958458000 2016-11-01 0.20262908387596000 2016-12-01 0.16829880615527600 2017-01-01 0.28194533816505700 2017-02-01 0.27030713775535503 2017-03-01 0.15814908304370200 2017-04-01 0.12855862103964300 2017-05-01 0.17441860465115000 2017-06-01 0.15671168114863598 2017-07-01 0.17514410145198497 2017-08-01 0.18761503997915000 2017-09-01 0.23609798361687898 2017-10-01 0.19986844155637198 2017-11-01 0.19949586854839400 2017-12-01 0.24303711571369604 2018-01-01 0.34103017271631700 2018-02-01 0.16624477102884500 2018-03-01 0.16203971626513900 2018-04-01 0.24111086350566700 2018-05-01 0.24515337468380400 2018-06-01 0.21674069055392900 2018-07-01 0.17427758646504402 2018-08-01 0.18940697148031000 2018-09-01 0.19242727257449102 2018-10-01 0.21463655455296000 2018-11-01 0.30514010916404805 2018-12-01 0.23946878099576605 2019-01-01 0.26534266644961896 2019-02-01 0.24861483304679002 2019-03-01 0.26341210731017900 2019-04-01 0.18783862109803500 2019-05-01 0.21075113685387100 2019-06-01 0.31187319387382400 2019-07-01 0.20346167129952103 2019-08-01 0.20295487260821900 2019-09-01 0.25883778681432500 2019-10-01 0.20807870248869000 2019-11-01 0.28307348227592000 2019-12-01 0.21513040318354998 2020-01-01 0.26339843677130000 2020-02-01 0.22296456202826100 2020-03-01 0.24391313226022102 2020-04-01 0.16256963066154700 2020-05-01 0.23811049223174700 2020-06-01 0.13896381077467300 2020-07-01 0.29603456919808896 2020-08-01 0.18442797232651700 2020-09-01 0.09400684327489640 2020-10-01 0.15192870723541600 2020-11-01 0.10101278609213600 2020-12-01 0.13437592114484698 2021-01-01 0.12614628900289301 2021-02-01 0.23123559561713000 2021-03-01 0.19429775918400302 2021-04-01 0.22598776902844600 2021-05-01 0.27403784506603300 2021-06-01 0.26036348784970200 2021-07-01 0.29363165823463900 2021-08-01 0.32914542608277800 2021-09-01 0.41173644448093705 2021-10-01 0.61718363659555300 2021-11-01 0.50609489699968700 2021-12-01 0.45603580614472800 2022-01-01 0.56485266400170310 2022-02-01 0.52770744168328910 2022-03-01 0.51438260175471500 2022-04-01 0.48915001053397900 2022-05-01 0.60479949069516290 2022-06-01 0.63757060549225500 2022-07-01 0.52015877251618800 2022-08-01 0.67935869072686100 2022-09-01 0.67309462444771200 2022-10-01 0.52677886057741500 2022-11-01 0.46823236599407003 2022-12-01 0.56926411711808500 2023-01-01 0.65446207911743500 2023-02-01 0.63411797718679900 2023-03-01 0.40000269362083790 2023-04-01 0.40036480973633104 2023-05-01 0.37993324173934995 2023-06-01 0.35590389989941200 2023-07-01 0.18834000757816896 2023-08-01 0.32956979342608800 2023-09-01 0.45720752996321096 2023-10-01 0.31787874089006496