Cleveland Fed inflation measure trails official data

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    Cleveland Fed trimmed mean shows slower inflation that CPI

    The Cleveland Fed said its trimmed-mean measure rose 0.2% in September. That's less than headline CPI at 0.3%.

    In year-over-year terms, the Cleveland number was 2.1% compared to 1.5% headline inflation and 2.2% ex-food and energy.

    Even the Fed hawks aren't overly worried about runaway inflation so I don't think any of the data today is important for the outlook. But one day, perhaps in the faraway future, inflation will be a problem again.

    Read the full Cleveland Fed report .

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

    This article appears in: Investing , Forex

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