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  • Economic Calendar Terms

    Cleveland Fed Median CPI

    Federal Reserve Bank of Cleveland
    P.O. Box 6387
    Cleveland, Ohio

    The consumer price index (CPI) is a measure of change over a specified period of time in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period.

    The median CPI is a measure of core inflation, calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics (BLS) monthly CPI report.