The Dallas Fed trimmed mean price index falls to 3.2% annualized versus 4.3% in April. The level is the lowest since April 2022 when it reached 3.1%.
Dallas Fed trimmed mean PCE
- 6 month trimmed mean falls to 4.3% from 4.4% last month
- 12 month trimmed falls to 4.6% from 4.8% last month
This is a one-month annualized measure from the Dallas Fed and highlights another measure of core inflation. It takes out the outliers in either direction. The index has not been below 3% since June 2021.