Cost of Living Measures
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Including Everyday Price Index. Nowcast suggests accelerating inflation in m/m August CPI:
Figure 1: CPI (blue), CPI-wage earners and clerical workers (purple), chained CPI (green), AIER Everyday Price index (light red), all in logs 2025M01=0. 2025M08 CPI observation is Cleveland Fed nowcast of 8/12, EPI observation is forecast from first differences regression using CPI, GASREGW. Source: BLS, AIER, Cleveland Fed, and author’s calculations.
Figure 1: CPI (blue), CPI-wage earners and clerical workers (purple), chained CPI (green), AIER Everyday Price index (light red), all in logs 2025M01=0. 2025M08 CPI observation is Cleveland Fed nowcast of 8/12, EPI observation is forecast from first differences regression using CPI, GASREGW. Source: BLS, AIER, Cleveland Fed, and author’s calculations.
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