TYO - Motor Fuel Prices Drag Everyday Price Index Down In January
By Robert Hughes
AIER’s Everyday Price Index fell 0.3 percent in January after dropping 0.9 percent in December. January marks the fourth consecutive decrease in the Everyday Price Index and the fifth drop in the last seven months. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. It excludes prices of infrequently purchased, big-ticket items (such as cars, appliances, and furniture) and prices contractually fixed for prolonged periods (such as housing).
The Consumer Price Index, which includes everyday purchases as well as infrequently purchased, big-ticket items