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

Posted: 13 Aug 2019

See all articles by Matteo Luciani

Matteo Luciani

Board of Governors of the Federal Reserve System

Riccardo Trezzi

Board of Governors of the Federal Reserve System

Date Written: 2019-08-02

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

Luciani, Matteo and Trezzi, Riccardo, Comparing Two Measures of Core Inflation: PCE Excluding Food & Energy vs. The Trimmed Mean PCE Index (2019-08-02). FEDS Notes No. 2019-08-02-1, Available at SSRN: https://ssrn.com/abstract=3473074 or http://dx.doi.org/10.17016/2380-7172.2390

Matteo Luciani (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Riccardo Trezzi

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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