Everyday Price Index

Everyday Prices Heat Up

Wednesday, April 16, 2014

Food and energy prices are volatile. Although the Motor Fuel index jumped significantly in March, year-over-year the index has declined 8.9 percent. Utility bills, on the other hand, were higher in March (+1.3 percent) and year-over-year (+6.7 percent). Even though trips to the grocery store hurt consumer wallets in March, year-over-year grocery bills declined 0.7 percent. Unfortunately, a 5.0 percent year-over-year increase in restaurant checks offset cheaper meals at home.

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EPI Springs Ahead

Tuesday, 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

Thursday, 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

Thursday, 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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EPI Falls, Earnings Rise

Wednesday, December 18, 2013

A 3.2 percent decline in motor fuel prices, representing the fifth consecutive month of declines, led the Everyday Price Index (EPI) down by 0.8 percent in November, compared with an unchanged figure for the broader Consumer Price Index (CPI).

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