TBX - AIER's Everyday Price Index Unchanged In May 2024

2024-06-12 14:00:00 ET

Summary

• In May 2024, the AIER Everyday Price Index was essentially unchanged at an index level of 290.9.
• The largest monthly price increases were seen in food away from home, prescription drugs, and tobacco/smoking products.
• The share of prices rising above one standard deviation decreased to 4.9 percent in May, down from 5.3 percent in April and 7.6 percent in January.

By Peter C. Earle

In May 2024, the AIER Everyday Price Index ((EPI)) was essentially unchanged at an index level of 290.9. This was the smallest monthly increase in the index since June 2023 and also the first time since December 2023 in which core month-over-month CPI rose more than the EPI....

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