Title: Median Consumer Price Index Series ID: MEDCPIM159SFRBCLE Source: Federal Reserve Bank of Cleveland Release: Current Median CPI Seasonal Adjustment: Seasonally Adjusted Frequency: Monthly Units: Percent Change at Annual Rate Date Range: 1983-12-01 to 2018-11-01 Last Updated: 2018-12-12 11:01 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, go to http://www.clevelandfed.org/research/data/us-inflation/mcpi.cfm DATE VALUE 1983-12-01 4.2692914124567990 1984-01-01 4.2558642361471400 1984-02-01 4.2293235788565000 1984-03-01 4.2553559221602200 1984-04-01 4.2259466077518200 1984-05-01 4.1949412648625100 1984-06-01 4.3712178714404100 1984-07-01 4.4557320848441800 1984-08-01 4.4386486417443900 1984-09-01 4.4086365093587405 1984-10-01 4.3072901605318600 1984-11-01 4.1169255726105400 1984-12-01 4.1080084336446290 1985-01-01 3.9597725248892400 1985-02-01 4.0398307355482800 1985-03-01 4.1056015341181600 1985-04-01 4.1072507634738000 1985-05-01 4.0996616852018200 1985-06-01 4.1325394025795800 1985-07-01 3.9418245355868000 1985-08-01 3.8393662932466800 1985-09-01 3.7538970813387800 1985-10-01 3.7510830489328804 1985-11-01 3.9828010197710000 1985-12-01 3.9461385673810400 1986-01-01 4.0587810176760300 1986-02-01 3.8568380298534604 1986-03-01 3.8297318046869098 1986-04-01 3.8028658136252798 1986-05-01 3.7133401626662500 1986-06-01 3.5853853396238900 1986-07-01 3.7182780485511200 1986-08-01 3.7034986507963104 1986-09-01 3.7494854458731700 1986-10-01 3.8084447592873900 1986-11-01 3.7436824475623594 1986-12-01 3.8142257752832500 1987-01-01 3.8913716753104800 1987-02-01 3.9054227398518400 1987-03-01 3.8565338162036300 1987-04-01 3.9032139518212500 1987-05-01 4.0929745633981900 1987-06-01 4.0487645264331000 1987-07-01 4.0627754236948400 1987-08-01 4.0653077249554600 1987-09-01 4.1670003211018200 1987-10-01 4.1348079447506500 1987-11-01 4.0279819304762000 1987-12-01 3.9368447736759102 1988-01-01 3.7676559307619204 1988-02-01 3.7316951988064107 1988-03-01 3.7832036567911500 1988-04-01 3.7835861686085200 1988-05-01 3.6927155541305297 1988-06-01 3.8430884544175203 1988-07-01 3.8748387825935398 1988-08-01 4.0376871000552500 1988-09-01 4.0196923226042790 1988-10-01 4.0603419951956500 1988-11-01 4.0293541702237010 1988-12-01 4.1224613550089800 1989-01-01 4.2362280093176900 1989-02-01 4.4284592125323705 1989-03-01 4.4796116040311595 1989-04-01 4.4913723652488800 1989-05-01 4.6561846943160800 1989-06-01 4.5877806110293600 1989-07-01 4.6908646510465300 1989-08-01 4.4883717292578200 1989-09-01 4.3601029209800800 1989-10-01 4.4345750798173700 1989-11-01 4.5359643167174300 1989-12-01 4.5208763041177900 1990-01-01 4.5652639835987800 1990-02-01 4.5463759728625600 1990-03-01 4.5642636367941000 1990-04-01 4.6003620301473090 1990-05-01 4.4820545575123605 1990-06-01 4.6295459453491700 1990-07-01 4.5872971879186400 1990-08-01 4.8224531084098700 1990-09-01 4.7668982532429690 1990-10-01 4.7156420139374600 1990-11-01 4.6695773612099600 1990-12-01 4.7770341715472700 1991-01-01 4.8057573127389800 1991-02-01 4.7534827886824200 1991-03-01 4.6202505507979100 1991-04-01 4.4581415033037500 1991-05-01 4.5000810775016795 1991-06-01 4.2726318209650000 1991-07-01 4.2013458200168800 1991-08-01 3.9872700531643700 1991-09-01 4.0919298618815600 1991-10-01 3.9060983588984595 1991-11-01 3.9625702363003100 1991-12-01 3.7617204675343596 1992-01-01 3.4426535617610600 1992-02-01 3.2956158757972300 1992-03-01 3.3065531114376400 1992-04-01 3.2275666298899400 1992-05-01 3.0893538484897203 1992-06-01 3.2044361827509507 1992-07-01 2.9824953482154197 1992-08-01 2.9011808851048704 1992-09-01 2.7180599324558900 1992-10-01 2.8384396847693800 1992-11-01 2.7545914189151204 1992-12-01 2.6903043641308497 1993-01-01 2.8330652992400300 1993-02-01 2.8086225848655600 1993-03-01 2.6347984219091900 1993-04-01 2.7730683943291603 1993-05-01 2.7874850362361605 1993-06-01 2.6434399630818500 1993-07-01 2.6359067471258597 1993-08-01 2.6703220071821600 1993-09-01 2.7096560050733400 1993-10-01 2.7027240320164596 1993-11-01 2.7325201092740500 1993-12-01 2.8111528464625604 1994-01-01 2.7503985668744906 1994-02-01 2.8593439784405900 1994-03-01 2.8991870870735300 1994-04-01 2.7679673257249098 1994-05-01 2.7618368000568600 1994-06-01 2.7907036709057500 1994-07-01 2.8227091062689196 1994-08-01 2.9050630423473000 1994-09-01 3.0227349247751802 1994-10-01 2.8994402812580400 1994-11-01 2.9617864448729900 1994-12-01 2.8271671031704100 1995-01-01 2.9493717675181900 1995-02-01 2.9271386593261000 1995-03-01 3.0181995793787197 1995-04-01 3.1135000145467298 1995-05-01 3.1682566462260400 1995-06-01 3.1015726960296200 1995-07-01 3.1823076337578000 1995-08-01 3.1343115856735700 1995-09-01 3.0941403372453498 1995-10-01 3.1783686046324800 1995-11-01 3.0353812138973300 1995-12-01 3.1503455707474500 1996-01-01 3.1164220680108397 1996-02-01 3.0564694445541094 1996-03-01 3.0436526695815997 1996-04-01 3.0000414112803195 1996-05-01 2.9483729067616404 1996-06-01 2.9829037059225803 1996-07-01 2.9965252911375400 1996-08-01 2.9446170500067300 1996-09-01 2.9335595428087204 1996-10-01 2.9048451335823600 1996-11-01 2.9736915456267900 1996-12-01 2.9418990321718996 1997-01-01 2.8797291443513298 1997-02-01 2.8566412903119100 1997-03-01 2.8435502381599598 1997-04-01 2.8314458628987600 1997-05-01 2.8062615943762004 1997-06-01 2.8051946325945900 1997-07-01 2.7075393578242600 1997-08-01 2.7070472998280697 1997-09-01 2.6572699535783100 1997-10-01 2.6239135484871700 1997-11-01 2.5585244127550600 1997-12-01 2.6308712054388300 1998-01-01 2.5805635339690000 1998-02-01 2.6245369273691500 1998-03-01 2.5820611492830100 1998-04-01 2.5226991072703195 1998-05-01 2.5561105004368000 1998-06-01 2.6081122122456400 1998-07-01 2.7071992578263395 1998-08-01 2.7951335840340300 1998-09-01 2.8479731475781000 1998-10-01 2.9192450364229800 1998-11-01 2.8761458961663200 1998-12-01 2.7862941337495797 1999-01-01 2.7130304076167900 1999-02-01 2.6185111047760000 1999-03-01 2.5682573810790403 1999-04-01 2.6017241466916400 1999-05-01 2.4913233200462903 1999-06-01 2.3291575557189400 1999-07-01 2.2610735294169597 1999-08-01 2.1774202685863800 1999-09-01 2.1206550865942900 1999-10-01 1.9843196209349700 1999-11-01 1.9838818770751700 1999-12-01 2.0344641967357000 2000-01-01 2.2252893095409303 2000-02-01 2.3123928134462000 2000-03-01 2.4432557330601200 2000-04-01 2.4100144289072700 2000-05-01 2.5050390477455298 2000-06-01 2.6690298495747800 2000-07-01 2.7557475424349100 2000-08-01 2.7986570068643700 2000-09-01 2.8476945473216800 2000-10-01 2.9322198322235398 2000-11-01 2.9710889372776700 2000-12-01 3.0289582151975300 2001-01-01 3.0475170140434200 2001-02-01 3.0517939957028997 2001-03-01 3.0164638382455404 2001-04-01 3.0890160112271100 2001-05-01 3.1429492918431800 2001-06-01 3.1745017609437203 2001-07-01 3.0908978921181802 2001-08-01 3.1682187245337200 2001-09-01 3.1443130351419800 2001-10-01 3.2676160646760500 2001-11-01 3.3337282174510400 2001-12-01 3.2650215852212000 2002-01-01 3.1556672125298397 2002-02-01 3.2012587592496400 2002-03-01 3.1912727974774198 2002-04-01 3.1521611484878200 2002-05-01 3.0619557626376097 2002-06-01 2.9770101147126500 2002-07-01 2.9610806453402203 2002-08-01 2.8346165167810295 2002-09-01 2.8292197556721197 2002-10-01 2.6741184263365100 2002-11-01 2.5465161428128300 2002-12-01 2.5912172909372300 2003-01-01 2.5428221519294505 2003-02-01 2.4257357473759000 2003-03-01 2.2796939741313000 2003-04-01 2.1017307968330000 2003-05-01 1.9893673534527600 2003-06-01 1.8742750860288200 2003-07-01 1.9095804607310900 2003-08-01 1.9155309518570602 2003-09-01 1.8578433347192300 2003-10-01 1.8397370056675100 2003-11-01 1.7791972011104400 2003-12-01 1.6787151647146898 2004-01-01 1.6819224401307902 2004-02-01 1.7594402737004298 2004-03-01 1.8933222647430399 2004-04-01 2.0594746469541500 2004-05-01 2.2379603241897500 2004-06-01 2.3719513191750700 2004-07-01 2.2968730268254600 2004-08-01 2.3397339550789398 2004-09-01 2.3501245516576200 2004-10-01 2.3971753875011700 2004-11-01 2.4219107000786000 2004-12-01 2.4316672471856000 2005-01-01 2.5314782470597000 2005-02-01 2.5639132808364300 2005-03-01 2.4939989681688397 2005-04-01 2.4571167614607203 2005-05-01 2.4530599388892900 2005-06-01 2.3611709834871800 2005-07-01 2.4659786800944800 2005-08-01 2.4117793049019705 2005-09-01 2.5673846141036400 2005-10-01 2.6230900260255400 2005-11-01 2.7367392708727203 2005-12-01 2.7610391510961096 2006-01-01 2.7164324952539105 2006-02-01 2.6137890438176603 2006-03-01 2.7127076259141100 2006-04-01 2.7787505831456696 2006-05-01 2.8712471000710100 2006-06-01 3.0031770417202597 2006-07-01 3.0052833672396404 2006-08-01 3.2046142943298800 2006-09-01 3.0446476681225600 2006-10-01 3.0711298486249600 2006-11-01 3.0868013128024603 2006-12-01 3.1304616291501404 2007-01-01 3.1371492464730800 2007-02-01 3.3350300549793500 2007-03-01 3.3020876084195500 2007-04-01 3.2585870982535696 2007-05-01 3.0975827193404197 2007-06-01 3.1032587834004500 2007-07-01 3.0844175580743802 2007-08-01 2.8821659810779603 2007-09-01 3.0154033919967995 2007-10-01 2.9974910913310900 2007-11-01 3.0349611248329000 2007-12-01 3.0564266648096097 2008-01-01 3.0830122679694303 2008-02-01 2.9513586832395897 2008-03-01 2.9807172106363304 2008-04-01 2.9700383670069104 2008-05-01 2.9791952273900497 2008-06-01 3.0442579634508500 2008-07-01 3.1407096548664395 2008-08-01 3.2040476435847505 2008-09-01 3.1599894222424503 2008-10-01 3.0569547447065495 2008-11-01 2.9283353436939197 2008-12-01 2.7076012880703500 2009-01-01 2.6343935365546100 2009-02-01 2.5748413561339300 2009-03-01 2.4804417175159400 2009-04-01 2.4486597924958700 2009-05-01 2.3507434365328796 2009-06-01 2.0764117493039700 2009-07-01 1.7548796801055000 2009-08-01 1.6459498878716600 2009-09-01 1.4585156043243301 2009-10-01 1.3744678516332700 2009-11-01 1.2560086433811800 2009-12-01 1.2641876559583000 2010-01-01 1.1210507765766498 2010-02-01 0.9335097398518010 2010-03-01 0.7505836147932992 2010-04-01 0.6337415095927220 2010-05-01 0.5490684606027639 2010-06-01 0.5912926689991770 2010-07-01 0.6335969318694850 2010-08-01 0.5344250444137221 2010-09-01 0.5859098708147050 2010-10-01 0.5805840782638900 2010-11-01 0.6472404142189080 2010-12-01 0.7247694732727350 2011-01-01 0.8566343413795251 2011-02-01 1.0993775044786400 2011-03-01 1.2693358008996498 2011-04-01 1.4190466731750300 2011-05-01 1.5885804154946102 2011-06-01 1.6437563144952700 2011-07-01 1.8027046340886700 2011-08-01 2.0319535597131700 2011-09-01 2.1116412303521900 2011-10-01 2.1867457049111296 2011-11-01 2.2310769917453400 2011-12-01 2.3131352012350200 2012-01-01 2.3899194626014797 2012-02-01 2.2954655778680197 2012-03-01 2.3519412446111096 2012-04-01 2.3549366475603700 2012-05-01 2.3069783375763397 2012-06-01 2.3065881405987403 2012-07-01 2.2688197701685695 2012-08-01 2.2063218023589797 2012-09-01 2.1892393658696596 2012-10-01 2.1769430270911900 2012-11-01 2.1957465614742300 2012-12-01 2.1470638206292100 2013-01-01 2.1020093969197600 2013-02-01 2.1555520838941300 2013-03-01 2.0551133586536900 2013-04-01 2.0514466608758900 2013-05-01 2.0721568657658300 2013-06-01 2.1085786074781100 2013-07-01 2.0929402194878300 2013-08-01 2.0527875838711296 2013-09-01 2.0418079251030500 2013-10-01 1.9838094153282100 2013-11-01 2.0202533054756200 2013-12-01 2.0974190370397700 2014-01-01 2.0697696672389100 2014-02-01 2.0710535785049900 2014-03-01 2.2153915471954100 2014-04-01 2.2180094389637100 2014-05-01 2.2801651783580700 2014-06-01 2.2322378472633900 2014-07-01 2.2934544626065400 2014-08-01 2.2649992915459500 2014-09-01 2.2801570110248597 2014-10-01 2.3774091494364000 2014-11-01 2.3271901942910000 2014-12-01 2.2878893346433400 2015-01-01 2.2578566806180600 2015-02-01 2.3111683002770698 2015-03-01 2.2893281786829500 2015-04-01 2.3577639216146897 2015-05-01 2.3115726927627405 2015-06-01 2.4267575362538300 2015-07-01 2.3720664583201096 2015-08-01 2.3599811559010800 2015-09-01 2.4174618832635497 2015-10-01 2.4206577401815200 2015-11-01 2.4575060557006100 2015-12-01 2.4125210155431000 2016-01-01 2.4434773889559600 2016-02-01 2.3817207139986003 2016-03-01 2.3709371150523197 2016-04-01 2.3904203955577500 2016-05-01 2.4695287016574197 2016-06-01 2.3816237258369504 2016-07-01 2.4442606267395295 2016-08-01 2.5385094596711300 2016-09-01 2.4596531089192900 2016-10-01 2.4421666657465897 2016-11-01 2.4570105484160900 2016-12-01 2.4690064367427900 2017-01-01 2.5655424254989600 2017-02-01 2.5867278710023100 2017-03-01 2.5328319382306400 2017-04-01 2.3847158175934300 2017-05-01 2.3042799963041100 2017-06-01 2.2189144301453703 2017-07-01 2.1799792154809400 2017-08-01 2.1807635650255700 2017-09-01 2.2287721830879500 2017-10-01 2.3030343545468197 2017-11-01 2.2888510934746500 2017-12-01 2.3875688969421600 2018-01-01 2.4417156481140400 2018-02-01 2.3889666229436800 2018-03-01 2.4833034263031900 2018-04-01 2.5983722629844700 2018-05-01 2.6533156396889400 2018-06-01 2.8003952569175500 2018-07-01 2.8392804301026900 2018-08-01 2.7680452560496100 2018-09-01 2.7369974099310500 2018-10-01 2.6825999742292996 2018-11-01 2.8248239079290600