CPI Median in the United States decreased to 4.85 percent in January from 4.92 percent in December of 2023. CPI Median in the United States averaged 3.04 percent from 1983 until 2024, reaching an all time high of 7.20 percent in February of 2023 and a record low of 0.50 percent in May of 2010. source: Federal Reserve Bank of Cleveland

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United States CPI Median


Related Last Previous Unit Reference
Inflation Rate 3.10 3.40 percent Jan 2024
Inflation Rate MoM 0.30 0.20 percent Jan 2024
Consumer Price Index CPI 308.42 306.75 points Jan 2024
Core Inflation Rate 3.90 3.90 percent Jan 2024
Core Consumer Prices 314.44 313.21 points Jan 2024
GDP Deflator 123.23 122.76 points Dec 2023
Producer Prices 142.49 142.02 points Jan 2024
Producer Prices Change 0.90 1.00 percent Jan 2024
Export Prices 147.50 146.40 points Jan 2024
Import Prices 139.50 138.40 points Jan 2024
Food Inflation 2.60 2.70 percent Jan 2024
Michigan 5 Year Inflation Expectations 2.90 2.90 percent Feb 2024
Michigan Inflation Expectations 3.00 2.90 percent Feb 2024
Services Inflation 4.94 4.95 Percent Jan 2024
Rent Inflation 6.04 6.15 percent Jan 2024
Export Prices YoY -2.40 -2.90 percent Jan 2024
Export Prices MoM 0.80 -0.70 percent Jan 2024
CPI seasonally adjusted 309.69 308.74 points Jan 2024
Core Producer Prices YoY 2.00 1.70 percent Jan 2024
Core Producer Prices MoM 0.50 -0.10 percent Jan 2024
Core Inflation Rate MoM 0.39 0.28 percent Jan 2024
Import Prices YoY -1.30 -2.40 percent Jan 2024
Import Prices MoM 0.80 -0.70 percent Jan 2024
Energy Inflation -4.56 -2.02 Percent Jan 2024
Producer Price Inflation MoM 0.30 -0.10 percent Jan 2024
PPI Ex Food Energy and Trade Services YoY 2.60 2.60 percent Jan 2024
PPI Ex Food Energy and Trade Services MoM 0.60 0.20 percent Jan 2024
PPI Ex Food Energy and Trade Services 130.07 129.34 points Jan 2024
PCE Prices QoQ 1.70 2.60 percent Dec 2023
PCE Price Index Monthly Change 0.20 -0.10 percent Dec 2023
PCE Price Index Annual Change 2.60 2.64 percent Dec 2023
Core PCE Prices QoQ 2.00 2.00 percent Dec 2023
Core PCE Price Index MoM 0.20 0.10 percent Dec 2023
Core PCE Price Index Annual Change 2.93 3.15 percent Dec 2023
CPI Transportation 262.11 263.38 points Jan 2024
Core Producer Prices 140.70 140.00 points Jan 2024
CPI Median 4.85 4.92 percent Jan 2024
CPI Housing Utilities 328.22 325.64 points Jan 2024
CPI Core Core 2.49 2.46 percent Jan 2024
CPI Trimmed-Mean 3.67 3.75 percent Jan 2024
Inflation Expectations 3.00 3.00 percent Jan 2024
PCE Price Index 121.42 121.22 points Dec 2023
Core PCE Price Index 120.29 120.09 points Dec 2023

United States CPI Median
In the United States, Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. To calculate the median CPI, the Federal Reserve Bank of Cleveland looks at the prices of the goods and services published by the Bureau of Labor Statistics (BLS). But instead of calculating an inflation rate that is a weighted average of all of the items in the CPI, as the BLS does, the Cleveland Fed ranks the inflation rates of the components of the CPI and picks the one in the middle of the distribution—that is, the item whose expenditure weight is in the 50th percentile of the price change distribution.
Actual Previous Highest Lowest Dates Unit Frequency
4.85 4.92 7.20 0.50 1983 - 2024 percent Monthly
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