U.S. September Median CPI up 2.8% annualized, less alarming than core CPI
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The Cleveland Fed’s September Median CPI is stronger than in August, but less alarming than September’s core CPI. The Median CPI rose by 0.23% on the month and 2.8% annualized.
Core CPI rose by 0.335% on the month. Yr/yr core CPI picked up to 2.6% from 2.4%. The yr/yr median CPI was stable at 2.6%. The Median CPI is still however consistent with inflation remaining above target,