According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.6% in May. The 16% trimmed-mean Consumer Price Index increased 0.8% in May. “The median CPI and 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”.
Note: The Cleveland Fed released the median CPI details here: “Fuel oil and other fuels” increased at 339% annualized rate in May!
This graph shows the year-over-year change for these four key measures of inflation.