Everyday Price Index

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

Monday, April 1st, 2013

Inflation Report

April, 2013

by Steven R. Cunningham and Julie Ni Zhu

A surge in everyday prices is one of many signs. Wholesale prices and long-bond yields are also trending upward. And the money supply is ballooning.

Friday, March 1st, 2013

Inflation Report

featuring the Everyday Price Index (EPI)

Vol. I no. 2 | March, 2013

by Jule Ni Zhu

Tuesday, January 1st, 2013

Everyday Price Index

Vol. II, no. 1 | January 2013

Monday, December 24th, 2012

EPI

December 2012

by Julie Ni Zhu

Wednesday, November 21st, 2012

Everyday Price Index

Thursday, March 1st, 2012

To uncover these trends, we extended the EPI series to 1987. One of the challenges with comparing price levels over longer periods is that people change their buying behavior over time.

Wednesday, February 1st, 2012

Economic Education Bulletin

AIER’s new proprietary measure calculates the inflation we actually experience. Guess what: It’s just as bad as you thought.

by AIER Staff

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