Release: Current Median CPI
16% Trimmed-Mean Consumer Price Index (CPI) is a measure of core inflation calculated by the Federal Reserve Bank of Cleveland. The Trimmed-Mean CPI excludes the CPI components that show the most extreme monthly price changes. This series excludes 8% of the CPI components with the highest and lowest one-month price changes from each tail of the price-change distribution resulting in a 16% Trimmed-Mean Inflation Estimate.
For further information, go to http://www.clevelandfed.org/research/data/us-inflation/mcpi.cfm.
Federal Reserve Bank of Cleveland, 16% Trimmed-Mean Consumer Price Index [TRMMEANCPIM094SFRBCLE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TRMMEANCPIM094SFRBCLE, December 15, 2017.