Everyday Price Index

Monday, October 27th, 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.

Monday, September 22nd, 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. 

Thursday, August 21st, 2014

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

Thursday, July 24th, 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.

Tuesday, June 17th, 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.

Friday, May 16th, 2014

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. 

Friday, May 16th, 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.

Wednesday, April 16th, 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.

Tuesday, March 18th, 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.

Thursday, February 20th, 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.

Thursday, January 16th, 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.

Wednesday, December 18th, 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).

Thursday, November 21st, 2013

A­­­ 0.7 percent decline in energy prices was the primary cause of a 1.3 percent decline in the Everyday Price Index (EPI) for October, far outpacing the 0.1 percent decrease in the seasonally adjusted Consumer Price Index for the same period. Gasoline, one of the most frequent purchases of many households, fell 2.9 percent for the month, according to a Bureau of Labor Statistics index. 

Wednesday, October 30th, 2013

The delayed release of the consumer price data for September shows that, while the overall consumer prices rose a bit in September, the everyday prices for products people buy frequently dipped slightly. The Consumer Price Index for All Urban Consumers, the broadest index that includes all consumer products and services, increased 0.2 percent in September. In contrast, AIER’s Everyday Price Index, which covers prices of frequently purchased consumer items, fell 0.2 percent in September. This makes the second month in a row that EPI has declined; in August it fell 0.05 percent.

Friday, October 18th, 2013

The federal government shutdown caused a delay in the release of inflation data (consumer expenditure survey data) by the Bureau of Labor Statistics.  The numbers we report this month were estimated by AIER by applying statistical modeling to historical data. According to our model, the Everyday Price Index rose by an estimated 0.5 percent in September, following a 0.1 percent drop in August. The increase was driven largely by basic consumer products. 

Wednesday, September 18th, 2013

Led by falling prices for fuel and energy, everyday prices crept down in August. AIER’s Everyday Price Index (EPI) fell 0.1 percent following a three-month string of moderate increases.

Monday, August 19th, 2013

Driven mainly by moderating international food and energy prices, everyday prices were tame in the most recent reading. AIER’s Everyday Price Index (EPI) edged up just 0.1 percent in July following increases of 0.3 and 0.5 percent in May and June. The Consumer Price Index (CPI), the government’s broader measure of prices, climbed 0.2 percent last month on a seasonally adjusted basis. (The EPI is not seasonally adjusted.) 

Wednesday, July 17th, 2013

As temperatures soared in June, so did Americans’ electric bills. Costlier household utilities drove the prices of frequently purchased items to their highest point in ten months, according to AIER’s Everyday Price Index.

Thursday, June 20th, 2013

Warmer weather in May brought an increase in the prices of frequently purchased goods and services. AIER’s Everyday Price Index rose 0.3 percent after falling 0.8 percent in April. The Consumer Price Index, the government’s broader measure of prices, climbed 0.1 percent last month on a seasonally adjusted basis. (See Charts 1 and 2 for long-term and month-by-month comparisons of the EPI and CPI.)

Wednesday, May 1st, 2013

Inflation Report

May 2013

by Julie Ni Zhu, Research Analyst

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