M/M heading vs. core vs. trimmed mean vs. typical:
This entry was posted on November 10, 2022 by Menzie Chinn.
Figure 1: Headline CPI inflation (blue), core CPI (tan), 16% trimmed mean CPI (green), typical CPI (red), m/m annualized, %. NBER specified peak-to-trough recession dates shaded gray. Source: BLS, Cleveland Fed via FRED, NBER and authors calculations.
