by Peter C. Earle
The American Institute for Economic Research
The AIER Everyday Price Index rose for a fifth consecutive month in April 2024. The 0.59 percent increase brings our proprietary inflation measure to 290.9.
[…] In April 2024, fourteen constituents of the Everyday Price Index rose in price, with the largest increases taking place in motor fuel, food away from home, and personal care services. In nine categories prices declined, the largest of those coming in fuels and utilities, domestic services, and pet and pet products.
The US Bureau of Labor Statistics (BLS) released Consumer Price Index (CPI) data for April 2024 on May 15, 2024. The month-over-month headline came in 0.1 percent less than the 0.4 percent expected. Meanwhile, core month-over-month was in line with forecasts (0.3 percent), as were both the year-over-year headline (3.4 percent) and year-over-year core (3.6 percent) readings.