Better Inflation Gauge: Everyday Price Index (EPI)?
American Institute for Economic Research (AIER) developed the Everyday Price Index (EPI) to address the widespread perception that the Consumer Price Index (CPI) does not reflect the day-to-day experience of Americans. The following shows how EPI is compared with CPI: Based on AIER, the latest EPI for 2011 average annual inflation rate of 8 percent as [...]
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