Alternative Trimmed Mean PCE inflation measure better tracked price surge
Tyler Atkinson,
Jim Dolmas and
Rebecca Zarutskie
Dallas Fed Economics from Federal Reserve Bank of Dallas
Abstract:
To gauge the medium-term trend in underlying inflation, the Dallas Fed’s Trimmed Mean personal consumption expenditures (PCE) inflation rate drops price changes in the tails of the monthly distribution of PCE components, minimizing the impact of outliers.
Date: 2026-08-13
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