The median CPI rose 0.2% in May, while the trimmed mean CPI rose 0.1%.

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 0.1%. “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.”

Click on the graph to enlarge the image.

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

Compared to a year ago, the median CPI increased 4.3% (down from 4.5% in April), the trimmed mean CPI increased 3.4% (down from 3.5%), and the CPI excluding food and energy increased 3.4% (down from 3.6%).

Core PCE rose 2.8% year-on-year in April, down slightly from 2.8% in March.

Note: The Cleveland Fed released details on the median CPI.