The median CPI increased 0.2% in June, while the trimmed mean CPI increased 0.2%.

According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% in May. The 16% Trimmed Mean Consumer Price Index rose 0.2%. “The median CPI and the 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.”

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This chart shows the year-over-year changes in these four key measures of inflation.

Compared to a year ago, the median CPI increased 4.2% (down from 4.3% in May), the trimmed mean CPI increased 3.3% (down from 3.4%), and the CPI excluding food and energy increased 3.3% (down from 3.4%).

Core PCE rose 2.6% year-on-year in May, down from 2.8% in April.

Note: The Cleveland Fed Median CPI DetailsAuto fuel prices fell 36% in June from a year earlier.