Everyday Prices Increase In May

– June 17, 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.

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Improving the Everyday Price Index

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. 

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Everyday Prices are Mixed in April

– May 16, 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.

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Food and Gasoline Prices Jump

– April 16, 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.

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EPI Springs Ahead

– 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

– 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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AIER’s Everyday Price Index on Fox Business Network

– February 19, 2014

https://www.youtube.com/watch?v=pJ4IGEklY3s

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AIER’s Everyday Price Index on WCHS Eyewitness News

– February 19, 2014

https://www.youtube.com/watch?v=F3FZ6V3zSPw

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AIER’s Everyday Price Index on CNBC

– February 19, 2014

https://www.youtube.com/watch?v=-dCc85tk0aQ

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EPI Keeps Warm in Arctic Blast

– 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

– 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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Gas Price May Aid Holiday Sales

– November 21, 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. 

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