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Comparing Two Measures of Core Inflation: PCE Excluding Food & Energy vs. the Trimmed Mean PCE Index

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  • Matteo Luciani
  • Riccardo Trezzi

Abstract

The goal of this note is to provide an assessment of two of the most commonly used indicators of core inflation: the PCE price index excluding food and energy (an exclusion index), and the Dallas Fed trimmed mean PCE price index (a central-tendency statistical measure).

Suggested Citation

  • Matteo Luciani & Riccardo Trezzi, 2019. "Comparing Two Measures of Core Inflation: PCE Excluding Food & Energy vs. the Trimmed Mean PCE Index," FEDS Notes 2019-08-02-1, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgfn:2019-08-02-1
    DOI: 10.17016/2380-7172.2390
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/comparing-two-measures-of-core-inflation-20190802.htm
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    Cited by:

    1. Helen Lao & Ceciline Steyn, 2019. "A Comprehensive Evaluation of Measures of Core Inflation in Canada: An Update," Discussion Papers 2019-9, Bank of Canada.

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