"The Fed often uses a measure of inflation which is the 5 year inflation rate 5 year forward into the future. The 5 yr, 5yr forward rate is very easy to calculate using the yield on 5 yr and 10 yr nominal and inflation protected bonds.

"I understand the Bloomberg does have a graph of this measure. Is it possible to get this into the chart library? Thank You"

Eoin Treacy's view Thank you for this suggestion. I believe you are referring to the 5-year Forward in 5 years which I have now added to the Chart Library. This article from the San Francisco Fed dated October 2005 may also be of interest