Alternative Inflation Measures
July 21, 2009 at 15:21 PM EDT
Shortly after the Bureau of Labor Statistics issues its monthly consumer price index reports, economists across the country get busy – but probably no busier than those at the Federal Reserve Bank of Cleveland who crunch the numbers to develop and publish their own analysis: a technical variation, known as the “median CPI,” culling out and concentrating on the most stable elements within the elements reported by the BLS.