SPTL - Gas Prices Jump Again; Groceries And Restaurants Offset In The AIER Everyday Price Index
By Robert Hughes
AIER's Everyday Price Index jumped 1.1 percent again in April, more than double the 0.5 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 apparel, a broader measure, gained 1.0 percent in April as apparel prices fell 0.2 percent for the month. Both measures exclude prices of infrequently purchased, big-ticket items (such as cars, appliances, and furniture) and prices