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, visit The Federal Reserve Bank of Cleveland (https://www.clevelandfed.org/indicators-and-data/median-cpi#background).

We explain how measures of consumer prices are computed and what the differences are between the consumer price index (CPI) and the personal consumption expenditures (PCE) price index. We also explain various measures used to gauge underlying inflation, or the long-term trend in prices, such as median and trimmed-mean inflation rates and core inflation.

Ten-Year TIPS Yields versus Real Yields is a part of the Inflation Expectations indicator of the Federal Reserve Bank of Cleveland.

We report average expected inflation rates over the next one through 30 years. Our estimates of expected inflation rates are calculated using a Federal Reserve Bank of Cleveland model that combines financial data and survey-based measures. Released monthly.

Expected Inflation Term Structure is a part of the Inflation Expectations indicator of the Federal Reserve Bank of Cleveland.

United States FRB Cleveland: PCE Price Index: Inflation Nowcast: PCE: YoY data was reported at 2.368 % in Jul 2018. This records an increase from the previous number of 2.328 % for Jun 2018. United States FRB Cleveland: PCE Price Index: Inflation Nowcast: PCE: YoY data is updated monthly, averaging 1.233 % from Jul 2013 (Median) to Jul 2018, with 61 observations. The data reached an all-time high of 2.368 % in Jul 2018 and a record low of 0.173 % in Sep 2015. United States FRB Cleveland: PCE Price Index: Inflation Nowcast: PCE: YoY data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s USA – Table US.A056: NIPA 2013: PCE Chained Type Price Index: 2009=100: Forecast: Federal Reserve Bank of Cleveland.

Ten-Year Expected Inflation and Real and Inflation Risk Premia is a part of the Inflation Expectations indicator of the Federal Reserve Bank of Cleveland.

United States FRB Cleveland: PCE Price Index: Inflation Nowcast: Core PCE: sa: MoM data was reported at 0.162 % in Jul 2018. This records an increase from the previous number of 0.141 % for Jun 2018. United States FRB Cleveland: PCE Price Index: Inflation Nowcast: Core PCE: sa: MoM data is updated monthly, averaging 0.121 % from Jul 2013 (Median) to Jul 2018, with 61 observations. The data reached an all-time high of 0.326 % in Jan 2018 and a record low of -0.108 % in Mar 2017. United States FRB Cleveland: PCE Price Index: Inflation Nowcast: Core PCE: sa: MoM data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s USA – Table US.A056: NIPA 2013: PCE Chained Type Price Index: 2009=100: Forecast: Federal Reserve Bank of Cleveland.

United States FRB Cleveland: PCE Price Index: Infla Nowcast: Core PCE: saar: QoQ data was reported at 2.003 % in Sep 2018. This records a decrease from the previous number of 2.125 % for Jun 2018. United States FRB Cleveland: PCE Price Index: Infla Nowcast: Core PCE: saar: QoQ data is updated quarterly, averaging 1.518 % from Sep 2013 (Median) to Sep 2018, with 21 observations. The data reached an all-time high of 2.529 % in Mar 2018 and a record low of 0.706 % in Jun 2017. United States FRB Cleveland: PCE Price Index: Infla Nowcast: Core PCE: saar: QoQ data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s USA – Table US.A056: NIPA 2013: PCE Chained Type Price Index: 2009=100: Forecast: Federal Reserve Bank of Cleveland.

United States FRB Cleveland: PCE Price Index: Inflation Nowcast: PCE: saar: QoQ data was reported at 1.972 % in Sep 2018. This records a decrease from the previous number of 1.975 % for Jun 2018. United States FRB Cleveland: PCE Price Index: Inflation Nowcast: PCE: saar: QoQ data is updated quarterly, averaging 1.500 % from Sep 2013 (Median) to Sep 2018, with 21 observations. The data reached an all-time high of 2.747 % in Dec 2017 and a record low of -1.860 % in Mar 2015. United States FRB Cleveland: PCE Price Index: Inflation Nowcast: PCE: saar: QoQ data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s USA – Table US.A056: NIPA 2013: PCE Chained Type Price Index: 2009=100: Forecast: Federal Reserve Bank of Cleveland.