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United States Consumer Price Index (CPI) Median

Price

4.48 %
Change +/-
-0.074 %
Percentage Change
-1.63 %

The current value of the Consumer Price Index (CPI) Median in United States is 4.48 %. The Consumer Price Index (CPI) Median in United States decreased to 4.48 % on 4/1/2024, after it was 4.554 % on 3/1/2024. From 12/1/1983 to 5/1/2024, the average GDP in United States was 3.05 %. The all-time high was reached on 2/1/2023 with 7.2 %, while the lowest value was recorded on 5/1/2010 with 0.5 %.

Source: Federal Reserve Bank of Cleveland

Consumer Price Index (CPI) Median

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Median-CPI

Consumer Price Index (CPI) Median History

DateValue
4/1/20244.48 %
3/1/20244.554 %
2/1/20244.579 %
1/1/20244.852 %
12/1/20234.922 %
11/1/20235.121 %
10/1/20235.187 %
9/1/20235.497 %
8/1/20235.724 %
7/1/20236.092 %
1
2
3
4
5
...
49

Similar Macro Indicators to Consumer Price Index (CPI) Median

NameCurrentPreviousFrequency
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Consumer Price Index (CPI)
314.8 points314.54 pointsMonthly
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Consumer Price Index for Housing and Utilities
335.056 points334.087 pointsMonthly
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Core Consumer Prices
319.77 points318.872 pointsMonthly
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Core CPI
2.3 %2.4 %Monthly
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Core Inflation Rate
3.4 %3.6 %Monthly
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Core Inflation Rate MoM
0.3 %0.2 %Monthly
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Core PCE Price Index
122.045 points121.944 pointsMonthly
🇺🇸
Core PCE Price Index Annual Change
2.6 %2.8 %Monthly
🇺🇸
Core PCE Price Index MoM
0.1 %0.2 %Monthly
🇺🇸
Core PCE Prices QoQ
2.8 %3.7 %Quarter
🇺🇸
Core Producer Prices
142 points141.94 pointsMonthly
🇺🇸
Core Producer Prices MoM
0 %0.5 %Monthly
🇺🇸
Core Producer Prices YoY
2.4 %2.4 %Monthly
🇺🇸
CPI Transport
271.391 points273.326 pointsMonthly
🇺🇸
Energy Inflation
-4 %1.1 %Monthly
🇺🇸
Export Prices
148.2 points149.2 pointsMonthly
🇺🇸
Export Prices MoM
-0.6 %0.6 %Monthly
🇺🇸
Export Prices YoY
0.6 %-1 %Monthly
🇺🇸
Food Inflation
2.1 %2.2 %Monthly
🇺🇸
GDP Deflator
124.94 points124.16 pointsQuarter
🇺🇸
Import Prices
141.2 points141.8 pointsMonthly
🇺🇸
Import Prices MoM
-0.3 %0.1 %Monthly
🇺🇸
Import Prices YoY
1.1 %1.1 %Monthly
🇺🇸
Inflation Expectations
3 %3 %Monthly
🇺🇸
Inflation Rate
3.3 %3.4 %Monthly
🇺🇸
Inflation Rate MoM
0.2 %-0.1 %Monthly
🇺🇸
Michigan 5-Year Inflation Expectations
3 %3 %Monthly
🇺🇸
Michigan Inflation Expectations
3 %3.3 %Monthly
🇺🇸
PCE Price Index
123.096 points123.106 pointsMonthly
🇺🇸
PCE Price Index annual change
2.236 %2.454 %Monthly
🇺🇸
PCE Price Index Monthly Change
0 %0.3 %Monthly
🇺🇸
PCE Prices QoQ
2.5 %3.4 %Quarter
🇺🇸
PPI excluding Food, Energy, and Trade Services
131.634 points131.532 pointsMonthly
🇺🇸
PPI Excluding Food, Energy, and Trade Services MoM
0 %0.4 %Monthly
🇺🇸
PPI excluding Food, Energy, and Trade Services YoY
3.3 %3.2 %Monthly
🇺🇸
Producer Price Change
2.2 %2.3 %Monthly
🇺🇸
Producer Price Inflation MoM
-0.2 %0.5 %Monthly
🇺🇸
Producer prices
143.822 points144.063 pointsMonthly
🇺🇸
Rental inflation
5.2 %5.1 %Monthly
🇺🇸
Seasonally Adjusted Consumer Price Index
313.534 points313.049 pointsMonthly
🇺🇸
Service Inflation
4.9 %5 %Monthly
🇺🇸
Trimmed Mean of the Consumer Price Index
3.42 %3.52 %Monthly

In the United States, the Median CPI represents the one-month inflation rate of the component whose expenditure weight falls at the 50th percentile of price changes. The Federal Reserve Bank of Cleveland calculates the median CPI using data on goods and services prices provided by the Bureau of Labor Statistics (BLS). Unlike the BLS, which calculates an inflation rate based on a weighted average of all items in the CPI, the Cleveland Fed ranks the inflation rates of CPI components and selects the one that lies in the middle of the distribution. This corresponds to the item whose expenditure weight is at the 50th percentile of the price change distribution.

What is Consumer Price Index (CPI) Median?

The Consumer Price Index (CPI) Median is a crucial economic indicator for gauging the average changes over time in the prices paid by urban consumers for a basket of goods and services. At Eulerpool, our commitment to providing comprehensive and precise macroeconomic data is reflected in our detailed and professional coverage of this important metric. Understanding CPI Median is indispensable for economists, policymakers, business leaders, and investors when making informed decisions regarding inflation, investment strategies, and economic stability. CPI Median represents the middle point of all price changes within the consumer goods and services basket. Unlike the traditional CPI, which calculates inflation based on the average of all items, CPI Median focuses on the central tendency of price changes. This median approach removes the extreme values – both the highest and lowest price changes – ensuring that extreme price fluctuations in certain categories do not distort the overall inflation measure. By focusing on the median, CPI Median offers a more stable and reliable indicator of underlying inflation trends, making it particularly useful for long-term economic analysis. In understanding CPI Median, it is essential to grasp its calculation and significance. The CPI is derived from detailed data collected on selected goods and services purchased by households. The U.S. Bureau of Labor Statistics (BLS) typically oversees this data collection and index computation. The BLS assigns weight to each component based on its relative importance or share of consumer spending. For the CPI Median, these components are sorted by their annual price changes, and the median value – the point where half the goods and services have higher changes and half have lower changes – is identified. This method effectively minimizes the noise created by outliers, offering a clearer picture of the underlying inflation trend. From a policy perspective, CPI Median is invaluable. Central banks, such as the Federal Reserve in the United States, closely monitor CPI Median to guide monetary policy. Traditional measures of CPI can be volatile, affected by sudden shifts in prices of particular items like food and energy. In contrast, CPI Median provides a more stable measure which helps in setting interest rates and determining the effectiveness of monetary policy in controlling inflation. A persistent rise in CPI Median would signal to policymakers that inflationary pressures are building up across the broader economy, prompting potential intervention like tightening monetary policy. For businesses, understanding CPI Median is similarly vital. Large corporations and small enterprises alike use CPI Median to make informed decisions about pricing strategies, wage negotiations, and resource allocation. A steady rise in CPI Median may prompt businesses to adjust their prices upwards, ensuring their profit margins are maintained in the face of rising costs. For wage negotiations, businesses may refer to CPI Median to argue for moderate wage increases that are in line with broad inflation trends, rather than reacting to temporary spikes in individual commodities or services. Investors also benefit significantly from insights provided by CPI Median. This measure helps in assessing the economic environment and developing investment strategies aligned with inflation expectations. Inflation erodes the purchasing power of money, and investors aim to protect their portfolio's value by allocating assets in line with inflationary trends. CPI Median, with its stable depiction of inflation, guides investors in choosing securities that traditionally perform well during periods of rising prices – such as commodities, real estate, and inflation-protected instruments like Treasury Inflation-Protected Securities (TIPS). Inflation can have far-reaching effects on the broader economy, influencing everything from consumer spending and savings rates to international trade and exchange rates. CPI Median is a cornerstone for understanding and navigating these dynamics. For instance, higher inflation signaled by CPI Median may lead to reduced consumer purchasing power, thereby decreasing overall consumption. This can result in slower economic growth unless offset by measures such as increased government spending or reduced taxes. For international trade, diverse inflation rates across countries can affect competitiveness, influence trade balances, and ultimately impact exchange rates. By monitoring CPI Median, policymakers can better understand these interactions and implement corrective measures to maintain economic stability. At Eulerpool, we emphasize the importance of CPI Median among various economic indicators. Our detailed data representations and analysis tools help our users, from professionals in the financial sector to academic researchers, to access and interpret this data efficiently. We provide historical trends, comparative analytics, and forecasting models that leverage CPI Median to predict future inflationary patterns. This empowers our users to make data-driven decisions backed by robust and reliable macroeconomic insights. Moreover, the CPI Median can also inform social policies. For example, adjustments in social security benefits, pensions, and public sector wages often consider inflation measures to protect the real value of these payments. The use of CPI Median ensures that such adjustments are grounded in a representation of inflation that is not swayed by temporary price swings in specific sectors, thereby ensuring fair compensation adjustments for the beneficiaries. To summarize, CPI Median is an essential indicator within the realm of macroeconomic data that offers a credible measure of inflation by focusing on the median price change across a diversified goods and services basket. Its stability and resistance to outlier effects make it a vital metric for central banks in formulating monetary policy, for businesses in strategic planning, for investors in portfolio management, and for social policy in ensuring fair adjustments to benefits and salaries. At Eulerpool, we are committed to providing you with high-quality, reliable, and detailed data on CPI Median, empowering you to make informed, strategic decisions grounded in a thorough understanding of inflation dynamics.