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United States Consumer Price Index (CPI) Trimmed-Mean

Price

3.52 %
Change +/-
-0.09 %
Percentage Change
-2.52 %

The current value of the Consumer Price Index (CPI) Trimmed-Mean in United States is 3.52 %. The Consumer Price Index (CPI) Trimmed-Mean in United States decreased to 3.52 % on 4/1/2024, after it was 3.61 % on 3/1/2024. From 12/1/1983 to 5/1/2024, the average GDP in United States was 2.83 %. The all-time high was reached on 9/1/2022 with 7.31 %, while the lowest value was recorded on 10/1/2010 with 0.7 %.

Source: Federal Reserve Bank of Cleveland

Consumer Price Index (CPI) Trimmed-Mean

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Trimmed Mean of the Consumer Price Index

Consumer Price Index (CPI) Trimmed-Mean History

DateValue
4/1/20243.52 %
3/1/20243.61 %
2/1/20243.514 %
1/1/20243.672 %
12/1/20233.751 %
11/1/20233.943 %
10/1/20234.067 %
9/1/20234.292 %
8/1/20234.468 %
7/1/20234.793 %
1
2
3
4
5
...
49

Similar Macro Indicators to Consumer Price Index (CPI) Trimmed-Mean

NameCurrentPreviousFrequency
🇺🇸
Consumer Price Index (CPI)
315.3 points314.8 pointsMonthly
🇺🇸
Consumer Price Index for Housing and Utilities
335.056 points334.087 pointsMonthly
🇺🇸
Core Consumer Prices
320.77 points319.77 pointsMonthly
🇺🇸
Core CPI
2.4 %2.3 %Monthly
🇺🇸
Core Inflation Rate
3.4 %3.6 %Monthly
🇺🇸
Core Inflation Rate MoM
0.3 %0.3 %Monthly
🇺🇸
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
0.3 %0.2 %Monthly
🇺🇸
Core PCE Prices QoQ
2.2 %2.8 %Quarter
🇺🇸
Core Producer Prices
142 points141.94 pointsMonthly
🇺🇸
Core Producer Prices MoM
0 %0.5 %Monthly
🇺🇸
Core Producer Prices YoY
2.8 %2.6 %Monthly
🇺🇸
CPI Transport
269.604 points271.391 pointsMonthly
🇺🇸
Energy Inflation
-6.8 %-4 %Monthly
🇺🇸
Export Prices
146.8 points147.9 pointsMonthly
🇺🇸
Export Prices MoM
-0.6 %0.6 %Monthly
🇺🇸
Export Prices YoY
0.6 %-1 %Monthly
🇺🇸
Food Inflation
2.3 %2.1 %Monthly
🇺🇸
GDP Deflator
125.5 points124.94 pointsQuarter
🇺🇸
Import Prices
141.2 points141.8 pointsMonthly
🇺🇸
Import Prices MoM
-0.4 %-0.2 %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
🇺🇸
Median-CPI
4.32 %4.48 %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
2.1 %2.3 %Monthly
🇺🇸
PCE Price Index Monthly Change
0 %0.3 %Monthly
🇺🇸
PCE Prices QoQ
1.5 %2.5 %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
4.9 %5.2 %Monthly
🇺🇸
Seasonally Adjusted Consumer Price Index
313.534 points313.049 pointsMonthly
🇺🇸
Service Inflation
4.9 %5 %Monthly

In the United States, the 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall between the 8th and 92nd percentiles of price changes. The Cleveland Fed calculates this metric by taking a weighted average across the component inflation rates, excluding items whose expenditure weights fall in the top and bottom 8 percent of the price change distribution.

What is Consumer Price Index (CPI) Trimmed-Mean?

The CPI Trimmed-Mean, often referred to as the "Trimmed Mean CPI," is an essential economic metric within the broader sphere of macroeconomic data, and its analysis provides an insightful glimpse into the behavior of inflation. At Eulerpool, where our primary goal is to offer comprehensive and precise macroeconomic data, the CPI Trimmed-Mean stands as a cornerstone for those looking to understand the nuanced shifts in price levels and inflationary trends. The CPI (Consumer Price Index) itself is a critical tool used to measure the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Traditional CPI is a broad measure that aggregates a wide array of consumer goods and services; however, the CPI Trimmed-Mean takes a more refined approach by excluding certain volatile items from its calculation. This methodology provides a clearer, more stable view of underlying inflation trends, eliminating the noise that can cloud interpretations of the overall inflation picture. Trimmed mean calculation involves "trimming" or excluding specific percentages of the highest and lowest price changes before computing the average. By doing this, the CPI Trimmed-Mean filters out the most extreme price movements that could distort the perception of inflation. These extreme price changes often stem from short-term, volatile factors such as natural disasters, geopolitical events, or temporary supply disruptions, which do not necessarily reflect the long-run inflation trend. For instance, dramatic spikes in food or energy prices can significantly sway the traditional CPI, leading to potential misinterpretations about the state of inflation. By trimming these extremes, the Trimmed-Mean CPI offers a more stable and reliable measure. Understanding the practical applications of CPI Trimmed-Mean is crucial for different stakeholders in the economy. Policymakers, particularly at central banks like the Federal Reserve, heavily rely on the CPI Trimmed-Mean to make informed decisions about monetary policy. Since maintaining inflation within targeted bounds is a fundamental goal for central banks, they require an accurate gauge of long-term inflationary pressures. Fluctuations in headline CPI can prompt premature or unnecessary policy adjustments. However, by focusing on the CPI Trimmed-Mean, policymakers can discern whether inflation trends are genuinely moving in a particular direction or if they are simply reacting to short-term anomalies. Investors and financial market participants also greatly benefit from insights provided by the CPI Trimmed-Mean. Inflation expectations influence interest rates, bond yields, and even equity valuations. A more precise measure of core inflation helps investors make better-informed decisions regarding asset allocation and risk management. For instance, if the Trimmed-Mean CPI indicates rising underlying inflation, investors might anticipate tighter monetary policy, leading to higher interest rates and the potential for lower bond prices. Consequently, they may adjust their portfolios to mitigate such risks. For businesses, understanding CPI Trimmed-Mean can aid in pricing strategies and financial planning. Companies often need to make long-term decisions based on anticipated cost changes, and erratic short-term price movements can mislead these strategies. By monitoring the Trimmed-Mean CPI, businesses can better forecast stable inflation trends and make more informed decisions regarding price adjustments, wage decisions, and resource procurement. It's also worth noting that the CPI Trimmed-Mean can vary slightly depending on the specific items and percentages excluded in its calculation. Different institutions might use tailored trims based on what they believe most accurately reflects the underlying inflation trend in their economic context. Despite these variations, the underlying principle remains the same: to achieve a more accurate representation of core inflation by excluding the most volatile elements of price change. At Eulerpool, our commitment to presenting reliable and detailed macroeconomic data ensures that users have access to the most pertinent information, including measures like the CPI Trimmed-Mean. By offering such refined data, we help users navigate complex economic landscapes with clarity and confidence. Understanding and utilizing the CPI Trimmed-Mean allows for a more precise analysis of inflationary trends, fostering better decision-making across various economic and financial sectors. Moreover, unlike traditional CPI, the CPI Trimmed-Mean meets the need for precision in a world of nuanced economic analysis. With economic conditions becoming increasingly dynamic and interconnected globally, having access to filtered, precise inflation measures is indispensable. Analysts and economists can harness the CPI Trimmed-Mean data to develop more robust forecasts and economic models, which can then be used to guide policy, business, and investment decisions. In conclusion, the CPI Trimmed-Mean is an invaluable metric within the macroscopic view of economic data. At Eulerpool, our aim to provide in-depth and accurate macroeconomic information is exemplified by the inclusion of such nuanced metrics. The CPI Trimmed-Mean not only refines our understanding of inflation but also aids policymakers, investors, and businesses in making well-informed, strategic decisions. By focusing on trimming extreme price changes, the Trimmed-Mean CPI offers a clearer portrait of core inflation, fostering a more stable and prosperous economic environment. Understanding and utilizing the CPI Trimmed-Mean is a step toward achieving accurate economic assessments and informed decision-making in an ever-evolving global economy.