What is a Median CPI?

The median CPI is a measure of inflation computed by the Federal Reserve Bank of Cleveland. It ranks the components of CPI inflation and picks the one in the middle. Its construction makes it less sensitive to short-lived price fluctuations, thereby better capturing the trend in prices. Released monthly.

How does the Cleveland Fed calculate inflation?

The Cleveland Fed’s website has been providing daily estimates of both headline and core inflation measures since early 2014 ( clevelandfed.org/indicators-and-data/inflation-nowcasting ). The model nowcasts US headline and core inflation as measured by the Consumer Price Index (CPI) and the price index for personal consumption expenditures (PCE).

What is the Cleveland NowCast for inflation?

The Cleveland Nowcast for Inflation provides real-time daily estimates of the and , using daily oil prices, weekly gasoline retail prices, and monthly consumer prices. Since official PCE and CPI data are published by month, Nowcast offers a more timely insight to .