Versus 2.4% for the CPI (in logs). Plenty of folks assume the federal government’s statistics understates the true inflation fee. It was once John Williamson at ShadowStats. Now it’s EJ Antoni at Heritage Basis (who touts the usage of Primerica’s on a regular basis worth index). However the American Institute for Financial Analysis’s “On a regular basis Value Index” (EPI) says in any other case (over the previous 12 months and a half).
Determine 1: CPI (blue), chained CPI (pink), HICP (purple), EPI (inexperienced), Truflation (mild blue), all not seasonally adjusted, and PCE deflator – market dealing with, seasonally adjusted (pink), all in logs 2023M03=0. Truflation index measured eventually day of month. Supply: BLS, European Fee through FRED, Truflation, AIER.
AIER’s EPI tries to tabulate, prefer it says, daily bills, taking out costs of these items and companies which are postponable. Truflation faucets into large information to provide excessive frequency estimates of the price of dwelling (documentation right here).
