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That translates to a 1.8% increase on an annualized rate.
The 16% trimmed-mean Consumer Price Index gained 0.1% (1.0% on annualized rate), the Fed said.
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.