Energy Prices Continue to Pull Down EPI

– November 20, 2014

The Everyday Price Index (EPI) decreased 1.0 percent in October because a decrease in energy prices offset price increases in food, prescription drugs, and recreation.

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Everyday Prices Slow in September

– October 27, 2014

The Everyday Price Index (EPI) decreased 0.2 percent in September as lower energy prices offset an increase in food. In contrast, the Consumer Price Index (CPI) increased 0.1 percent in September because of an increase in the price of housing. Housing is not included in the EPI because housing prices are fixed by long-term contracts. The EPI measures prices that change from day-to-day.

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Higher Food Prices Offset by Lower Energy Prices

– September 22, 2014

The Everyday Price Index (EPI) decreased 0.5 percent in August because an increase in food prices was offset by a decrease in energy prices. Similarly, the Consumer Price Index (CPI) decreased 0.2 percent in August. 

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Food Prices Increase in July but Energy Prices Decrease

– August 21, 2014

The Everyday Price Index (EPI) was unchanged in July because the increase in food prices was offset by a decrease in energy prices.

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Everyday Prices Increase in June

– July 24, 2014

The Everyday Price Index (EPI) increased 0.4 percent from May to June, a slightly larger jump than the 0.3 percent increase in the Consumer Price Index (CPI). The somewhat stronger growth in the EPI is consistent with the pace over the previous 12 months, when the EPI increased 2.4 percent compared to a 2.1 percent increase in the CPI. June’s stronger EPI growth was largely due to energy price increases, while food prices restrained both indexes.

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Everyday Prices Increase In May

– June 17, 2014

Looking back over the past 12 months the EPI increased 2.5 percent. This is the largest year-over-year increase in the EPI since October 2012.

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Improving the Everyday Price Index

AIER’s Everyday Price Index (EPI) is designed to reflect price changes felt by Americans on a day-to-day basis. AIER is adjusting the methodology of computing the EPI to more accurately account for the spending patterns of American consumers. The improved EPI should better reflect the actual price pressures felt by people in their everyday purchases. 

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Everyday Prices are Mixed in April

– May 16, 2014

The Everyday Price Index (EPI) increased 0.4 percent from March to April, a larger jump than the 0.3 percent increase in the Consumer Price Index (CPI). Both indexes were led higher by food and energy costs. Food away from home increased 0.3 percent making dining out more expensive. Consumers could not avoid higher food prices even by grocery shopping. Food at home increased 0.5 percent with meats, poultry, fish, and eggs (+1.6 percent), fruits and vegetables (+0.5 percent) and bread (+1.8 percent), leading grocery bills higher. On the energy side, motor fuel increased 3.5 percent but household fuels and utilities decreased 1.9 percent as warmer weather finally arrived.

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Food and Gasoline Prices Jump

– April 16, 2014

The March Everyday Price Index (EPI) increased 1.4 percent, a much larger jump than the 0.2 percent increase in the Consumer Price Index (CPI). Both indices were led higher by Food and Energy costs. Within Foods, Meats (+1.2 percent), Dairy (+1.0 percent), and Fresh Fruits (+3.1 percent) drove grocery bills higher while the price of dining out also increased (+0.3 percent). On the Energy side, a 5.0 percent increase in Motor Fuel further strained daily budgets.

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EPI Springs Ahead

– March 18, 2014

The February Everyday Price Index (EPI) increased 0.5 percent, in contrast to a 0.4 increase in the not seasonally adjusted Consumer Price Index (CPI-U). The EPI measures the prices of goods and services purchased on a frequent basis. Therefore, the EPI reflects the day-to-day impact on consumer budgets.

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EPI Loses Traction in the Snow

– February 20, 2014

The January Everyday Price Index (EPI) ticked down 0.1 percent in contrast to a slight uptick in the Consumer Price Index (CPI). The difference between the EPI and CPI came from a 0.3 percent increase in housing, a component that is not included in the EPI. Housing is excluded from the EPI because purchases are infrequent and prices are contractually fixed.

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EPI Keeps Warm in Arctic Blast

– January 16, 2014

The Everyday Price Index (EPI) increased 0.2 percent for December in response to record low temperatures across the country. The EPI was led higher by a 0.3 percent increase in household fuels and utilities and by a 0.6 percent increase in motor fuel. On the other hand, the Consumer Price Index increased 0.3 percent led higher by a rebound in housing.

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