The Government released September CPI numbers on October 16th
, and it showed that the CPI-U increased 0.6 percent. This was primarily due to gas prices.
If you don't think the CPI accurately reflects real inflation, you may be interested in the Everyday Price Index (EPI). As described by this article at American Institute for Economic Research
The EPI, a proprietary index of the American Institute for Economic Research, captures the expenses people have to budget for every month. It looks at only the items most consumers purchase on a regular basis, such as food, utilities and motor fuel.
The AIER published the September EPI changes in this Monday news release
On an annualized basis, the prices of frequently purchased goods rose nearly 13 percent last month.
It should be noted that EPI has sometimes fallen more than the CPI this year. As you can see in the chart in the news release
, the EPI is much more volatile than the CPI. However, if you average out the months, EPI increases have been higher than CPI increases:
According to the EPI, everyday prices have increased 5.2 percent so far this year—about three times the 1.9 percent increase that the seasonally adjusted CPI shows over the same period.