Median CPI rose 0.3% in October; trimmed average CPI rose 0.3%.

The median consumer price index rose 0.3% in October, according to the Cleveland Fed. The 16% adjusted average consumer price index rose 0.3%. “Median CPI and 16% trimmed average CPI are measures of core inflation calculated by the Cleveland Fed based on data published in the Bureau of Labor Statistics’ (BLS) monthly CPI report.”

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This graph shows the year-over-year change in these four key inflation indicators.

Year-on-year, median CPI increased by 4.1% (unchanged from 4.1% in September), trimmed average CPI increased by 3.2% (unchanged from 3.2%), and CPI excluding food and energy increased by 3.2%. Increase (unchanged from 3.2%).

Core PCE in September rose 2.7% year-on-year, unchanged from 2.7% in August.

Note: The Cleveland Fed released details of the median CPI. Used medical care grew at an annual rate of 38% in October.