Dallas Fed trimmed mean
  • Prior was 3.2% (revised to 3.5%)
  • 6 month trimmed mean falls to 4.1% from 4.4% last month
  • 12 month trimmed falls to 4.2% from 4.6% last month

Looking through the aggregate data to see what was included and excluded is sometimes instructive about what's happening in the economy. Egg prices fell 59.6% m/m annualized and air transport fell 36.4%. The big gains were in motor vehicle insurance +63.4% and spectator sports +89.1%.

Here are the items sorted by weightings, note that all are annualized:

Dallas Fed pce weighting sorted July