AIER's Everyday Price Index Spikes Sharply In January 2025

2025-02-12 15:11:00 ET

Summary

• AIER’s Everyday Price Index leapt up in the first month of 2025, ending a string of declines which began in August 2024 but retraced slightly in December 2024.
• The food index increased 0.4 percent in January, driven by a 0.5 percent rise in food at home as four of the six major grocery categories saw price increases.
• While it’s too early to declare that inflation is re-accelerating, today’s report is a strong reminder that the path to the Fed’s two-percent target will not be smooth, and that financial markets may need to adjust their expectations accordingly.

By Peter C. Earle

AIER’s Everyday Price Index ((EPI)) leapt up in the first month of 2025, ending a string of declines which began in August 2024 but retraced slightly in December 2024. The index jumped to 290.9, a level last seen in May 2024 , up 2.15 percent on a year-over-year ( January 2024 through January 2025) basis....

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