Everyday Prices Rise 6.1 Percent from a Year Ago
“AIER’s Everyday Price Index posted the largest yearly rise since 2011. Many prices across the economy are still reflecting distortions from government lockdowns that have caused a wide range of materials shortages, logistical, supply chain, and labor problems. As these issues are worked out, price pressures are likely to ease.” – Robert Hughes
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Is the US Economy a Virtual Reality?
“It’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation. But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to look at the seemingly great aggregate data with a gravely skeptical eye. We might be in the midst of the calm before the real storm hits.” ~ Jeffrey Tucker
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Energy Price Surge Continues to Drive Everyday Prices Higher
“AIER’s Everyday Price Index jumped 1.2 percent in March as energy prices surged for a third consecutive month.” – Robert Hughes
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Energy Price Jump Leads Broad-based Increase in Everyday Prices
“AIER’s Everyday Price Index jumped 0.8 percent in February, led by increases in the volatile energy category.” – Robert Hughes
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Crude Oil Surge Drives Everyday Prices Higher in January
“AIER’s Everyday Price Index jumped 0.8 percent in January, pushed higher primarily by gasoline following the recent surge in crude oil prices.” – Robert Hughes
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Everyday Prices Rise Just 0.9 Percent in 2020
“Everyday prices increased just 0.9 percent in 2020. The pandemic and government restrictions are likely to distort relative prices, but overall trends are likely to remain moderate.” – Robert Hughes
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Gas and Groceries Pull Down the Everyday Price Index in November
“AIER’s Everyday Price Index fell 0.2 percent in November, led by gas and groceries. Effects of the pandemic and government restrictions may impact relative prices in the short term.” – Robert Hughes
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Food and Gasoline Offset in the Everyday Price Index
“AIER’s Everyday Price Index fell 0.1 percent in October as food and energy price changes largely offset each other.” – Robert Hughes
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Transportation Drives Prices in September
“AIER’s Everyday Price Index rose 0.2 percent in September on a snapback in intracity transportation. Distortions to prices and economic activity continue under lockdown policies.” – Robert Hughes
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Everyday Prices Pushed Higher by Phone Service and Restaurants
AIER’s Everyday Price Index rose 0.1 percent in August as distortions to the economy from lockdowns and other restrictions impacted prices.
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Everyday Prices Rise for a Third Month Led by Gas and Phone Service
AIER’s Everyday Price Index rose 0.5 percent in July, pushed higher by gas and wireless phone services.
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Everyday Prices Surge on Food and Energy Gains in June
AIER’s Everyday Price Index jumped 1.2 percent in June, pushed higher by food and energy, the largest components in the index.
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