Energy and Tobacco Prices Surge in the AIER Everyday Price Index

AIER’s Everyday Price Index jumped 1.1 percent in March, nearly double the 0.6 percent gain in the Consumer Price Index. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. The EPI is not seasonally adjusted, so we compare it with the unadjusted CPI. The EPI including […]

March Business Conditions Monthly

AIER’s Business Cycle Conditions Leading Indicators index held steady at 42 in February while the Roughly Coincident Indicators index and the Lagging Indicators index were also unchanged, at 92 and 75, respectively (see chart). Despite having the Leading Indicators index below 50 for a second consecutive month, the outlook remains moderately positive, though with a […]

Clothes and Gas Boost Everyday Prices in February

AIER’s Everyday Price Index rose 0.4 percent in February after posting four consecutive declines between October 2018 and January 2019. The Everyday Price Index measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. It excludes prices of infrequently purchased, big-ticket items (such as cars, appliances, and furniture) and […]

February Business Conditions Monthly

AIER’s Business Cycle Conditions Leading Indicators index fell 16 points to 42 in January. The result was the first reading below 50 since August 2016. The Roughly Coincident Indicators index fell to 92 while the Lagging Indicators index dropped to 75 (see chart). The string of four declines pushing the Leading Indicators index below 50 […]

Motor-Fuel Prices Drag Everyday Price Index Down in January

AIER’s Everyday Price Index fell 0.3 percent in January after dropping 0.9 percent in December. January marks the fourth consecutive decrease in the Everyday Price Index and the fifth drop in the last seven months. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. It excludes […]

January Business Conditions Monthly

Bear Bull Markets

AIER’s Business Cycle Conditions Leading Indicators index fell 21 points to 58 in December. The Roughly Coincident Indicators index held at 100 while the Lagging Indicators index gained 16 points to reach 83 (see chart). The sharp decline in the Leading Indicators index is a cautionary sign but index is still above 50, providing some […]

Book Review Supplement

Research Reports – 09/13/1954 Human Action, A Treatise on Economics, by Ludwig von Mises

Everyday Prices Plunge Again in December

AIER’s Everyday Price Index plunged 0.9 percent in December after dropping 1.0 percent in November. Over the past six months, the EPI has fallen four times at an overall annualized pace of −4.1 percent. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. It excludes prices […]