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Trend Progress In Regional Fed CPI Measures

US DATA
  • Cleveland Fed median CPI: slows to 0.19% M/M from 0.36%, its lowest since Mar’21.
  • Cleveland Fed 16% trimmed mean CPI: fractional improvement to 0.21% M/M from 0.22% (and 0.23 before that in May), technically its lowest since Jan’21.
  • Atlanta Fed sticky core CPI ex shelter very low again at 0.05% from 0.01% M/M, with its six-month annualized rate falling from 1.4% to just 0.8% for its lowest since Nov’20.

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