Prior was +0.2% m/m16% trimmed mean CPI +0.2% vs 0.0% priorOn a 12-month basis:Median CPI 2.7% vs 2.7% prior16% trimmed-mean 2.6% vs 2.6% priorHere is the Cleveland Fed's description of what they're doing:A number of measures have been developed to measure underlying inflation. The median CPI and the trimmed-mean CPI use a different approach. The median CPI excludes all price changes except for the one in the center of the distribution of price changes, where the price changes are ranked from lowest to highest (or most negative to most positive). The 16 percent trimmed-mean CPI excludes price changes in specified upper and lower tails of the distribution. According to research from the Cleveland Fed, the median CPI provides a better signal of the underlying inflation trend than either the all-items CPI or the CPI excluding food and energy.