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US Median CPI, Trimmed-Mean and Sticky CPI

Four alternative measures of underlying inflation in the United States that do not rely on the exclusion of food and energy are published: the Federal Reserve Bank of Cleveland's median CPI and 16% trimmed-mean CPI, which trim the tails of the price change distribution; the Federal Reserve Bank of Atlanta's sticky-price and flexible-price CPIs, categorized by price-adjustment frequency; the Federal Reserve Bank of San Francisco's cyclical and non-cyclical core PCE, classified by labor Market sensitivity; and the Bureau of Labor Statistics' chained consumer price index for all urban consumers (C-CPI-U) by Commodity group, which accounts for consumer substitution across commodities.

Source: Cleveland FED; Atlanta FED; San Francisco FED; BLSLast updated: Sep 23, 2026, 15:57Curated by Bui Thanh PhucAbout this data ↓

Indicator08-202607-202606-202605-202604-202603-202602-202601-202612-202511-202510-202509-202508-202507-202506-202505-202504-202503-202502-202501-202512-202411-202410-202409-202408-202407-202406-202405-202404-202403-202402-202401-202412-202311-202310-202309-202308-2023
MEDIAN AND TRIMMED-MEAN CPI (CLEVELAND FED)2
1-month change, annualized4
Median CPI2.13.12.13.74.92.32.12.33.11.41.42.43.53.43.83.13.93.93.53.93.23.544.13.72.52.62.34.14.84.55.54.25.84.65.64.2
16% trimmed-mean CPI2.72.70.13.25.22.32.82.33.61.81.82.43.133.42.32.92.63.44.633.43.93.62.32.51.91.42.73.83.95.43.23.13.34.13.4
Core CPI (ex food and energy)3.52.6-0.22.54.62.42.63.62.82.63.83.82.81.62.90.83.15.22.33.53.83.73.12.11.11.73.34.84.94.43.13.73.63.82.4
Headline CPI4.90.9-55.8810.93.32.13.63.64.32.83.11.220.42.75.24.23.53.52.61.92-0.50.62.65.453.82.31.81.74.86
Index2
Core CPI index337.8336.8336.1336.1335.4334.2333.5332.8331.8331330.4329.7328.7327.7326.9326.5325.7325.5324.6323.3322.7321.7320.7319.8318.9318.4318.1317.6316.8315.6314.3313.2312.4311.5310.5309.6
Headline CPI index334.1332.8332.6334332.4330.3327.5326.6326325.1324.2323.3322.2321.4320.6320.3319.8319.7319317.6316.5315.6314.7314.1313.6313313.2313312.3311309.7308.7308.1307.7307.3306.1
STICKY-PRICE AND FLEXIBLE-PRICE CPI (ATLANTA FED)6
Flexible-price CPI3
1-month change, annualized10.17-6-19.3314.1317.6536.615.67-4.523.951.722.116.866.94-1.830.36-2.28-2.33-3.81.696.159.355.411.85-1.68-2.34-0.96-8.05-5.29-2.056.286.02-3.73-0.5-5.02-5.54.3311.48
3-month change, annualized-5.82-4.72.722.4119.3111.291.60.322.593.545.283.911.76-1.26-1.43-2.81-1.511.265.686.965.491.82-0.74-1.66-3.83-4.81-5.16-0.473.342.750.51-3.1-3.7-2.173.24.93.82
12-month change4.944.685.066.995.623.990.990.671.561.992.32.281.570.80.880.14-0.12-0.090.741.090.27-0.52-1.38-1.99-1.5-0.41-0.390.40.610.82-0.19-0.920.07-0.93-0.730.48-0.12
Core flexible-price CPI (ex food and energy)3
1-month change, annualized6.36-2.25-5.010.14.382.664.65-2.141.22-0.110.7636.36-0.15-3.61-2.540.22-4.783.614.531.768.521.722.071.3-4.31-3.88-3.57-3.061.84.55-7.331.79-0.15-0.98-2.75-6.09
3-month change, annualized-0.41-2.41-0.252.363.891.681.2-0.350.621.213.343.030.78-2.11-1.99-2.39-0.381.033.294.93.954.061.69-0.36-2.33-3.92-3.5-1.641.05-0.46-0.46-1.980.21-1.3-3.3-4.2-3.5
12-month change1.091.091.261.391.160.820.190.110.660.71.41.481.40.990.640.610.520.240.80.88-0.13-0.12-0.82-1.04-1.44-2.06-2.01-1.73-0.75-0.10.03-0.270.390.03-0.44-0.240.02
Sticky-price CPI3
1-month change, annualized3.093.490.812.94.622.442.54.373.451.41.42.513.354.454.12.323.562.283.464.762.452.754.113.873.223.022.642.494.464.964.286.414.043.784.615.14.06
3-month change, annualized2.462.392.773.323.183.13.443.062.071.772.423.433.973.623.322.723.13.493.553.323.13.573.733.372.962.723.193.974.575.214.914.744.144.494.594.263.68
12-month change2.742.762.843.123.072.982.973.053.0833.113.343.453.443.323.23.213.293.513.583.723.853.933.984.084.154.24.264.364.464.394.614.594.714.95.015.24
Core sticky-price CPI (ex food and energy)2
1-month change, annualized3.113.480.672.874.782.392.414.613.061.271.272.583.294.584.062.243.452.093.314.932.442.744.193.883.253.082.442.374.515.164.566.54.083.744.635.094.09
3-month change, annualized2.412.332.763.343.193.133.352.971.861.712.383.483.983.623.252.592.953.443.563.363.123.63.773.42.922.633.144.745.45.054.774.154.494.64.323.71
Sticky-price CPI excluding shelter3
1-month change, annualized3.873.81-0.762.12.951.742.545.843.091.071.072.772.795.44.481.443.140.63.245.471.192.43.153.621.591.611.930.24.184.863.196.892.951.623.713.883.49
3-month change, annualized2.281.71.422.262.413.363.813.311.741.632.23.644.223.763.011.722.323.093.293.012.253.062.782.271.711.242.093.064.074.974.333.792.753.063.6932.06
12-month change2.492.42.532.982.922.942.842.92.872.712.8233.072.972.652.442.342.422.782.772.893.032.973.013.033.193.23.123.243.273.073.263.073.023.233.263.47
Core sticky-price CPI excluding shelter3
1-month change, annualized4.063.85-1.351.892.971.512.366.62.180.740.742.962.555.864.481.122.83-0.092.925.960.932.313.143.61.331.481.39-0.494.245.253.567.162.851.183.593.653.44
3-month change, annualized2.161.441.152.122.283.473.693.141.221.472.083.784.293.82.81.281.882.93.253.042.123.022.692.131.40.791.72.974.355.314.513.72.532.83.562.91.86
12-month change2.362.232.42.892.822.812.682.722.672.562.72.92.952.852.492.232.12.212.662.712.812.972.872.912.913.093.13.033.143.162.883.022.772.692.92.833
CYCLICAL AND ACYCLICAL CORE PCE (SAN FRANCISCO FED)2
12-month change4
Cyclical core PCE inflation3.283.293.353.313.223.253.093.263.213.333.643.753.683.613.673.733.884.024.174.294.374.534.394.614.554.724.995.015.145.195.355.575.866.26.646.85
Acyclical core PCE inflation3.483.483.633.43.312.953.162.832.632.422.342.422.372.332.271.941.972.371.962.252.22.091.931.861.791.611.481.821.931.791.861.651.761.851.942.04
Contribution of cyclical components (percentage points)1.261.271.291.281.241.251.21.261.241.291.411.451.431.41.431.451.511.571.621.671.71.771.711.81.771.841.941.9522.022.082.162.272.42.572.65
Contribution of acyclical components (percentage points)22.132.132.232.082.031.811.941.731.611.481.431.481.451.421.381.181.21.441.191.371.341.271.171.131.090.980.911.111.181.091.141.011.071.131.181.25
of which: health-care services0.530.540.560.510.540.520.560.450.50.480.430.510.50.480.440.480.440.430.390.510.480.480.520.430.410.450.410.410.470.490.50.380.390.360.320.34
of which: other acyclical components1.611.61.671.571.481.281.381.271.11110.980.950.950.950.710.761.010.810.870.860.80.660.710.690.540.50.70.710.60.640.630.690.770.870.91
1-month change, annualized4
Cyclical core PCE inflation3.432.14.324.422.944.252.93.881.391.413.035.343.592.813.793.263.412.364.923.282.885.14.314.52.793.434.645.064.974.076.414.244.873.436.933.82
Acyclical core PCE inflation2.731.64.492.424.095.317.164.142.653.641.861.232.663.482.191.71-0.167.613.231.670.292.742.760.692.052.64-1.551.654.682.786.470.96-0.780.911.84-0.15
Contribution of cyclical components (percentage points)1.30.81.631.671.121.611.11.470.530.541.162.021.371.071.451.251.30.911.891.251.11.951.651.721.071.321.781.941.91.552.451.621.861.322.631.46
Contribution of acyclical components (percentage points)21.670.982.711.472.473.24.332.511.612.21.130.751.612.11.331.04-0.14.561.971.010.171.651.660.421.241.59-0.9512.811.673.890.58-0.470.551.11-0.09
of which: health-care services0.390.680.610.10.720.421.210.030.5610.160.340.480.90.140.470.50.800.520.320.481.050.260.180.420.660.010.340.361.360.270.320.8800.03
of which: other acyclical components1.280.32.11.371.752.783.112.481.051.20.970.411.131.21.190.58-0.593.761.970.49-0.151.170.60.161.061.16-1.60.992.471.312.530.31-0.8-0.321.12-0.12
CHAINED CPI (C-CPI-U) BY COMMODITY GROUP (BLS)13
All items185.74185.16185.17185.77184.68183.19181.26180.41179.78179.89180.37179.84179.27178.99178.43178.08177.52177.13176.36175.22175.18175.35175.1174.85174.79174.72174.69174.42173.8172.7171.65170.72170.95171.42171.49171.13
All items less food and energy175.12174.65174.52174.54174.01173.3172.7172.04171.3171.3171.58171.08170.49170.18169.77169.43168.95168.62167.93167.01167.02167166.61166.12165.8165.85165.68165.38164.96164.07163.15162.25162.15162.18161.89161.57
Energy267.3263.98267.01280.32267.62251.89224.31220.58222.09227.12230.69230.28230.26230.95227.74227.69224.44224.48222.16217.94218.09222.03224.32229.77234.2233.18236.12236.44232.08225.44220.66219.77226.63235.01243.06241.96
Food and beverages2198.98198.81198.54198.18197.87196.98196.85196.13195.37194.26194.7194193.41193.03192.49192.12192.12191.29190.77189.62189.26189.12188.79187.93187.83187.33187.09186.91186.49186.39186.2185.15184.96185.27184.72184.33
Food2201.04200.88200.61200.22199.9198.98198.87198.12197.32196.12196.62195.9195.31194.92194.37193.96193.96193.1192.6191.42190.99190.85190.56189.66189.56189.04188.8188.61188.19188.09187.91186.82186.63186.94186.37186.02
Food at home174.06174.11174.07173.76173.64172.59172.69171.97171170.05171.32170.45169.87169.64169.29169.04169.53168.69168.39166.98166.68166.78166.61165.66165.77165.29165.4165.48165.27165.38165.23164.18164.26165.18164.77164.69
Food away from home242.78242.18241.43240.89240.17239.61239.04238.29237.93236.3235.23234.9234.32233.63232.72232230.98230.14229.27228.76228.07227.41226.91226.17225.64225.05224.17223.46222.63222.13221.89220.83220.05219.08218.22217.35
Alcoholic beverages171.48171.28170.99170.94170.84170.39169.95169.76169.46169.61169.14168.9168.22167.95167.63167.95167.95167.49166.66166166.44166.39165.42165.13164.95164.89164.58164.47164.13163.96163.66163.04163.01163.26162.97162.07
Housing3207.52207.13206.92206.5205.9204.63203.84203.15202.29201.68201.68201.32200.54200.13199.28198.61197.96197.31196.5195.36194.82194.56194.1193.72193.23192.71192191.38191.22190.38189.53188.02187.45187.02186.78185.85
Shelter223.25222.67222.45222.26221.41220.08219.2218.53217.79217217.09216.66215.85215.53215.18214.49213.8213.1212.38211.46210.89210.41209.79209.43208.53207.94207.57206.7206.03204.83203.81202.55201.71200.98200.48199.3
Fuels and utilities249.97250.28249.88247.72246.25244.26242.97242.33239.82237.88237.3238.51238.72238.91234.01232.49232.04230.53228.6224.78223.18223.85223.83222.87224.34223.84220.32219.81222.23222.62221.96217.37217.34215.94217.39217
Household furnishings and operations108.68108.75108.73108.17109.04108.44108.32107.55107.03107.77107.63106.78105.83104.97103.99103.83103.31103.36102.84102.28102.39102.55102.62102.41102.72102.51101.77102.11102.85102.95102.8101.88102.17103.39103.47103.28
Apparel102.57100.6102.01103.17103.62104102.198.0396.1397.44101.7898.8596.998.3298.6599.71100.77100.0296.3495.2797.23100.15101.5498.6896.998.4299.51100.44100.6999.2496.0994.696.0899.6910098.25
Transportation3190.54189.77190.86195.17191.19186.02176.88175.45176.25178.99180.27180.05179.78179.88179.58179.17177.4178177.42175.51175.96176.74176.74177.8179.33180.12181.76181.71178.96174.81171.76172.61175.31177.79179.46180.9
Private transportation198.99198.03198.77203.53199.71194.55184.59183.33184.94188.21189.54189.61189.43189.03188.5188.25186.41186.86186.01183.86184.2185.21185.78187.28188.79188.49189.87189.92187.26182.77179.77180.82183.33186.14188.46190.18
New vehicles124.9124.78124.64124.51124.55124.4124.29124.17123.73124.11124.21124.24124.18124.1124.03124.23124.25123.8123.7123.7123.39123.33123.11123.29123.36123.58123.69123.66123.87123.88124.12124.15123.93124.23124.77124.97124.94
Public transportation135.75136.23139.75141.04135.94130.7126.91124.36119.87119.11120118.09117.45120.05121.36119.95118.58120.17121.48121.21122.65121.9118.13116.2117.76124.22127.16126.44123.05121.14117.72117.16121.33121.52119.06118.84
Medical care2222.92223.21222.9223.1222.55222.79222.99222.13221.02220.34220.26219.79219.89218.92217.91217.55216.79216.49215.96215.03214.9214.55213.94213.33213.19213.61213.15212.15211.56210.53210.54209.07208.44207.66207.17207.31
Medical care commodities166.45166.83167.99168.29169.55170.19171.89171.97172.05171.55171.3171.25171.69171.68171.54170.58169.9171.82171.42169.54169.68169.98170.16171.21171.68171.43171.16168.98168.35167.95167.89169.14169.09168.2167.56167.94
Medical care services242.39242.66241.88242.06240.93241.06240.8239.64238.16237.42237.4236.8236.79235.52234.23234.05233.27232.27231.7231.03230.83230.28229.42228.28227.95228.57228.06227.38226.79225.55225.58223.33222.52221.75221.3221.37
Recreation124.15124.21123.93123.39123.09123.06123.13122.85121.9120.53121.41121.04121120.28120.03120.22120.17120.28119.64118.3118.34118.26117.53117.97118.27118.16118.14118.52118.51118.47117.78117.01116.69116.96116.83116.21
Education and communication2116.88114.71113.95114.88114.08114.14114.06114.4114.04115.32115114.52114.09114.02113.9113.92114.2114.06113.81113.65113.82114.66115.11114.76114.33114.07114.05114.25114.1114.29113.89113.41113.4113.96114.24113.87
Education302.34298.29296.48296.06296.06295.99295.56295.35295.1295.32294.95291.8289.44288.17287.3286.44286.46285.81285.33285.62285.63285.42285.3282.09279.51278.55277.67276.78276.37276.53275.82275.14274.91275.03275.07273.02
Communication53.3452.1551.7852.5951.945251.9952.352.0353.0552.8452.9853.0153.1153.1153.2153.453.3753.2253.0353.1653.7754.1454.4554.5454.4554.5254.7854.7154.8454.5954.2654.2854.6754.8954.96
Other goods and services224.51224.28224.25223.92222.11220.1220.5220.22217.38217.7216.68215.33214.97214.43213.35212.98212.06209.94208.34207.91208.8208.12207.5207.1207.23206.91205.74205.73204.42203.62203.49201.78202.92202.84201.62199.86
Commodity group2148.34147.65147.88149.24147.94146.07142.73141.76141.68142.38143.57142.9142.22141.94141.53141.45141.02140.9140.14139.09139.45140.19140.45140.65141.06141.15141.63141.74141.08140.19139.16138.89139.94141.87142.68143.01
Durables81.8781.8181.5181.158180.880.7481.0481.3281.7682.1582.2481.781.1780.8680.6380.2380.1980.1479.879.9780.1680.1480.280.6580.9380.8980.9781.2681.4181.381.4981.7882.4582.984.21
Nondurables186.32185.15185.85188.64186.44183.29177.39175.39175175.82177.58176.32175.63175.68175.26175.37174.98174.81173.59172.05172.54173.65174.14174.44174.74174.59175.52175.63174.24172.65171.02170.4171.95174.7175.72174.95
Services217.7217.22217.04216.99216.08214.92214.19213.45212.33211.93211.79211.37210.89210.61209.91209.34208.67208.06207.26206.04205.63205.3204.62203.99203.56203.35202.84202.26201.65200.37199.29197.81197.28196.5195.96195.03

Latest reading

The latest reading is 2.1%, for Aug 2026. That is −1.0 pp from Jul 2026 and −1.4 pp from a year earlier. The series on this page is monthly and runs from Jan 1983 to Aug 2026. Source: Cleveland FED; Atlanta FED; San Francisco FED; BLS.

Latest
2.1%
Aug 2026
vs previous period
−1.0 pp
Jul 2026
vs a year earlier
−1.4 pp

About this data

Four alternative measures of underlying inflation in the United States that do not rely on the exclusion of food and energy are published: the Federal Reserve Bank of Cleveland's median CPI and 16% trimmed-mean CPI, which trim the tails of the price change distribution; the Federal Reserve Bank of Atlanta's sticky-price and flexible-price CPIs, categorized by price-adjustment frequency; the Federal Reserve Bank of San Francisco's cyclical and non-cyclical core PCE, classified by labor Market sensitivity; and the Bureau of Labor Statistics' chained consumer price index for all urban consumers (C-CPI-U) by Commodity group, which accounts for consumer substitution across commodities.

Frequently asked questions

What does the US Median and Trimmed-Mean CPI measure?
The US Median and Trimmed-Mean CPI measures alternative core inflation in the United States by excluding the most extreme price movements from the consumer basket rather than permanently removing specific categories like food and energy.
How often is the US Median and Trimmed-Mean CPI published and how far back does it go?
It is published monthly by the Federal Reserve Bank of Cleveland with historical series beginning in 1967.
What specific measures and rows are included in this US dataset?
The table includes monthly changes, annualized rates, base indexes, Median CPI, 16% Trimmed-Mean CPI, traditional core CPI, and headline CPI indexes.
How does this index differ from standard US core CPI?
While standard US core CPI permanently excludes food and energy, the median and trimmed-mean indexes exclude whatever items experience the most extreme monthly price fluctuations, helping capture underlying US inflation trends more accurately.
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