WASHINGTON — The Federal Reserve Bank of Cleveland Friday said its median Consumer Price Index rose by 0.2% in April, matching the pace set in every month so far in 2015.
The median CPI increased at a 2.2% annualized rate. The 16% trimmed-mean Consumer Price Index was up 0.2% last month, and rose by an annualized rate of 2.2%.
"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' monthly CPI report," the Cleveland Fed said.
Earlier Friday, the BLS reported that consumer prices were rose by just 0.1% in April following a 0.2% increase in March. Year-over-year, the CPI was down 0.2%. CPI was up 1.2% at an annualized rate.
The core measure of CPI, excluding food and energy prices, was up 0.3% in April on a seasonally adjusted basis, and up 1.8% compared to April last year.
Core CPI was up 3.1% at an annualized rate.
Over the last 12 months, the Cleveland Fed's median CPI rose 2.2%, and the trimmed-mean CPI increased 1.7%.
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