The Median CPI is well-known as an accurate predictor of future infl ation. But it’s just one of many possible trimmed-mean inflation measures. Recent research compares these types of measures to see which tracks future inflation best. Not only does the Median CPI outperform other trims in...

In this Commentary, we document that people report very different perceptions and predictions of inflation depending upon their income, education, age, race, and gender — a strange finding that may provide an important clue to understanding how to interpret survey data of inflation expectations.

That men and women occasionally see things differently is not a remarkable observation. But that the sexes could report vastly different perspectives on the rate at which prices are rising over a long period of time is astonishing. This Commentary describes the difference in inflation sentiment...