AFMC - AIER Everyday Price Index Hits All-Time Record In March 2024

2024-04-11 05:12:00 ET

Summary

• The AIER Everyday Price Index saw its third largest increase in over a year in March 2024, shooting up 0.82 percent.
• The largest price increases among the constituents of the Everyday Price Index in March 2024 were seen in motor fuel, food away from home, and internet services/electronic information providers.
• From March 2023 to March 2024, headline CPI rose 3.5 percent, higher than the expected 3.4 percent. Year-over-year core CPI rose 3.8 percent, which was also higher than the survey prediction of 3.7 percent.

By Peter C. Earle

The AIER Everyday Price Index saw its third largest increase in over a year in March 2024, shooting up 0.82 percent. That rise brings our proprietary inflation index to a new record high of 289.2, surpassing the previous high of 288.60 reached in September 2023....

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