Thursday , 14 November 2024
Home Forex Cleveland Fed median CPI +4.1% y/y
Forex

Cleveland Fed median CPI +4.1% y/y

The Cleveland Fed is out with its inflation tracker and the numbers show inflation flattening above 2%. In particular, median CPI was at 4.09%, up from 4.08% y/y last month. It’s only declined marginally since June, when it was at 4.15%.

Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. It’s a strange way to measure CPI but it focuses on a single component that’s right in the middle of the basket of goods.

The 16% trimmed mean (which includes the 16% of components with the most-extreme moves) is also showing signs of stickiness at 3.20% vs 3.16% a month ago.

I think the best signal here is the chart, which shows all the measures except for headline flattening, and headline has been dragged down by energy, which is a one-off.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

The dollar train continues to march on

All aboard now. The dollar train is marching forward on the session,...

Weekly update on interest rate expectations

Rate cuts by year-endFed: 20 bps (81% probability of rate cut at...

Eurozone September industrial production -2.0% vs -1.4% m/m expected

Prior +1.8%; revised to +1.5%Looking at the details, the drop here is...

Eurozone Q3 GDP second estimate +0.4% vs +0.4% q/q prelim

Prior +0.3%GDP +0.9% vs +0.9% y/y second estimatePrior +0.6%No changes to the...