by Peter C. Earle
The American Institute for Economic Research
In February 2024, the AIER Everyday Price Index (EPI) rose 0.73 percent to 286.9. This rise was the largest percentage increase in the index since August 2023 and the eighth largest going back to January 2022 (26 months).
[…] In February 2024, the largest monthly price increases among EPI constituents were seen in motor fuel, postage and delivery services, and internet services. The largest declines occurred in intracity transportation, fees for lessons and instructions, and pet products. Among the twenty-four index constituents five fell in price, two were unchanged, and seventeen rose.
On March 12, 2024, the US Bureau of Labor Statistics (BLS) released Consumer Price Index (CPI) data for February 2024. The month-to-month headline CPI number rose 0.4 percent, meeting survey expectations. The core month-to-month CPI number increased by 0.4 percent, higher than the forecast of 0.3 percent.